Nov 03, 2020 · RBI looking to diversify investment options for forex reserves: Report RBI to extend trading hours to 3:30 pm from 2 pm starting November 9 Rupee slumps 30 paise to 74.40 against the US dollar in early trade Forex reserves surge $5.4 billion to all-time high of $560.5 billion Nov 13, 2020 · RBI looking to diversify investment options for forex reserves: Report RBI to extend trading hours to 3:30 pm from 2 pm starting November 9 Rupee slumps 30 paise to 74.40 against the US dollar in early trade Forex reserves surge $5.4 billion to all-time high of $560.5 billion RBI pushed for trading platform to make forex cheaper for retailers. But it benefits banks RBI allowing banks to charge users a ‘pre-agreed flat fee’ affects its intention of reducing retail cost of buying & selling foreign currencies. Jul 23, 2020 · In August last year, the Reserve Bank of India (RBI), the country’s central bank, presented a solution for small business owners like Singh. It launched FX-Retail, a retail forex trading platform that anyone—from individuals to small businesses and payment banks—could log on to and book a forex price at or near market rates. Nov 02, 2020 · The Reserve Bank of India (RBI) has decided to increase trading hours for various markets regulated by it by up to 90 minutes with effect from November 9.With the graded roll-back of the lockdown See full list on wisdomtimes.com
Sep 17, 2013 RBI/2010-11/472 A.P. (DIR Series) Circular No. 53. April 07, 2011. To. All Authorised Dealer - Category I banks. Madam / Sir, Overseas forex trading through electronic / internet trading portals Aug 13, 2013
Oct 27, 2019 · The RBI on Sunday clarified that it has neither sold any gold from the forex reserve nor is trading in the yellow metal According to some media reports, the Reserve Bank has been selling or trading in gold due to which the value of gold in the country's forex reserve is fluctuating widely on a weekly basis
Oct 25, 2007. #1. RBI clearly allows Investment abroad and holding a international bank account for individual upto 50000.00 USD per annum ( including forex trading and stocks ) however , if you plan to send large fund via bank transfer , you will have provide a fill in declaration form to the Bank ( for is available at RBI website) . This rule came up some time in 2005 . RBI/2010-11/472 A.P. (DIR Series) Circular No. 53. April 07, 2011. To. All Authorised Dealer - Category I banks. Madam / Sir, Overseas forex trading through electronic / internet trading portals April 14, 2015 Dear All Welcome to the refurbished site of the Reserve Bank of India. The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge. Trading hours for various markets regulated by the RBI were reduced from April 7, 2020, in view of the operational dislocations and elevated levels of health risks posed by Covid-19. The market opening time was revised to 10 a.m. instead of 9 a.m. for all segments. Closing timing too was revised to 2 p.m. Apr 30, 2020 · RBI extends truncated trading hours for forex, bond, money markets. On April 3, the RBI first announced shortened market hours, from 10 AM to 2 PM, for the financial markets from April 7, 2020 to Jul 11, 2019 · A RBI working group has suggested calibrated extension of forex market trading hours from 9 am to 9 pm as it would help in gauging demand and potential benefits. “The thinning out of activity is impacting market liquidity and increasing (the) volatility of financial prices,” RBI said in a release Friday. In the past one month, the rupee lost about 4%, hitting record lows at 76.32 a dollar. The local unit closed at 76.17 Friday, down about 0.80%.
Mumbai: The Reserve Bank on Monday announced phased restoration of trading hours for various debt as well as currency market from November 9 as the country has started graded roll-back of the lockdown. Trading hours for various markets regulated by the RBI were reduced from April 7, 2020, in view of the operational dislocations and elevated levels of health risks posed by COVID-19. Trade-in Forex market is done on the margin trading principles that means you can trade with a relatively smaller deposit for a bigger amount. In order to save foreign reserve and save country people from loss, RBI restricted forex trading. Previously, LRS (Liberalised Remittance Scheme) was 2 lac but now RBI restricts it with 70-75k. Setting out various developmental and regulatory policy measures, the Reserve Bank of India ( RBI) on Thursday said it will create a foreign exchange trading platform for SME exporters and importers. Unveiling its second Bi-monthly Monetary Policy Statement, 2019-20, the Central Bank also decided to widen the ambit of small finance banks and get more players to extend such banking facilities. Forex. Forex News Currency Converter The Reserve Bank of India on Friday revised the timing for money markets RBI has decided to revise trading hours for A police officer walks past the Reserve Bank of India (RBI) building in Mumbai, India, on Tuesday, March 3, 2020. Photographer: Kanishka Sonthalia/Bloomberg RBI Shortens Forex, Money Market Trading Hours Amid Covid-19 Lockdown