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India's Forex Reserves Drop By $1.9 Billion, Hit Near 6-Month Low

ABP News

India's foreign exchange reserves decreased by $1.9 billion to $653 billion in the week ending December 13, marking a six-month low, according to the latest data from the Reserve Bank of India. India's foreign exchange reserves had reached a record high of $705 billion in the week ending September 27. However, reserves have declined by $52 billion in the current …

India Foreign Exchange Billion Rupee Reserve Reserves

1 week ago

Best credit cards for international students: Top 3 picks for abroad

Live Mint

If you are a student planning to pursue education abroad, financing your expenses might be the biggest challenge. Features of a student credit card Fees and charges: Most student credit cards do not levy any joining fees and have minimal annual fees compared to a usual credit card. Validity: The validity for most student credit cards is around five years, …

Students Credit Credit Cards Card Cards Abroad This Card

1 week, 4 days ago

Top 5 credit cards for international travel: How to avail low forex charges, hotel memberships and other benefits

Live Mint

Credit cards: Are you all set for vacations as the year comes to a close? Joining fee: ₹12,500 SBI ELITE Credit Card The SBI ELITE Credit Card Foreign offers a currency mark-up charge of 1.99 per cent on international usage. Joining fee: ₹4,999 HDFC Regalia Gold Credit Card This credit card has a foreign currency markup charge of 2 per …

India International Credit Offers International Travel Credit Cards Card

India’s forex reserves hit 5-month low of $656 billion, drop by $47 billion in 7 weeks; Rupee crashes to 8-month low

Live Mint

India's foreign exchange reserves extended losses for the eighth consecutive week to hit a five-month low after dropping by $47 billion cumulatively in the last seven weeks. The forex reserves dropped by $1.31 billion to $656.582 billion for the week ended November 22, Reserve Bank of India data showed on Friday. Forex traders said dollar demand from importers for meeting …

India Trump Billion Cent Foreign Rbi Low

1 month, 4 weeks ago

How a Low Forex Markup Fee Can Save You Money on International Transactions

Live Mint

Credit cards with low forex markup fees can help users save money on international transactions and currency exchanges. A low markup fee means that banks and credit card companies charge a smaller percentage to convert currencies, resulting in lower transaction costs and potentially significant savings. This benefit is particularly valuable for frequent travellers who make numerous international payments. Additionally, low …

Travel Finance Savings Currency

4 months, 3 weeks ago

Ethiopia receives IMF relief after easing forex curbs

The Hindu

Cash-strapped ased foreign exchange curbs on Monday as part of a broad economic reform package as the International Monetary Fund approved a loan to the Horn of Africa nation seeking a multibillion-dollar bailout. “This a landmark moment for Ethiopia” and the loan is a testament to the country’s “strong commitment to transformative reforms”, IMF Managing Director Kristalina Georgieva said in …

Market Bank Foreign Imf Ethiopia Nbe

4 months, 3 weeks ago

Ethiopia currency slides as central bank eases forex curbs

Hindustan Times

Ethiopia's central bank announced on Monday that it was easing curbs on its foreign exchange regime, a move which saw the value of the local currency slide by about 30 percent. Ethiopia currency slides as central bank eases forex curbs The major reform was unveiled as the deeply indebted country awaits a multi-billion dollar deal on crucial funding from the …

Central Bank Bank Currency Nbe Curbs Ethiopia

5 months, 3 weeks ago

Actors Karan Wahi, Krystle D'Souza under ED radar, record statements in connection with money laundering case

India TV News

Actors Karan Wahi and Krystle D'Souza seem to be in trouble as the two were questioned by the Enforcement Directorate in the Forex trading online platform OctaFX case. In the same Forex online trading platform OctaFX case, ED had conducted raids at many places in Mumbai, Chennai, Kolkata and Delhi on April 20 this year. It is alleged that illegal …

India Trading Case Pmla Karan Wahi Forex Octafx

6 months, 2 weeks ago

India's forex reserves hit record high of $651.5 billion as of May 31

Hindustan Times

India's foreign exchange reserves hit a record high of $651.5 billion as of May 31, the governor of the central bank said on Friday. India’s Forex reserves comprise of foreign currency assets, gold, special drawing rights and the RBI’s position with the International Monetary Fund. “Overall, we remain confident of meeting our external financing requirements comfortably.” RBI keeps repo rate …

India Foreign Rbi Reserves

6 months, 3 weeks ago

Forex Update: India's Foreign Exchange Reserves Fall $2 Billion to $646.67 Billion

News 18

After rising for three consecutive weeks, India’s forex reserves fell $2.027 billion to $646.673 billion for the week ended May 24, according to the latest RBI data. For the week ended May 24, foreign currency assets, a major component of the reserves, decreased by $1.51 billion to $567.499 billion, the data released on May 31 showed. The recent data shows …

India Billion Forex Reserves

8 months ago

Forex Cards Or Credit Cards? Which One Is Better For Foreign Travel

News 18

It’s not easy to plan a trip abroad. Which is preferable, using forex cards or swiping a credit card to avoid tax collected at source? Credit cards, on the other hand, may provide better exchange rates and award points for future usage, but they may also incur international transaction costs. – In contrast to Forex Cards, credit card cash withdrawals …

Credit Money Credit Cards Card Cards Foreign Transaction

8 months, 1 week ago

India’s forex reserves rise for seventh straight week, jump $2.9 billion to hit all-time high of $648 billion

Live Mint

India's foreign exchange reserves increased $2.98 billion to $648.562 billion for the week ended April 5, data released by the the Reserve Bank of India showed on Friday, April 12. In the previous reporting week, the forex kitty had increased by $2.951 billion to $645.583 billion, which was an all-time high. For the week ended April 5, the foreign currency …

India Billion Rbi Reserve Forex Reserves

8 months, 2 weeks ago

India’s forex reserves rise for sixth straight week, jump $2.6 billion to hit all-time high of $645.5 billion

Live Mint

India's foreign exchange reserves increased $2.951 billion to $645.583 billion for the week ended March 29, data released by the the Reserve Bank of India showed on Friday, April 5. The forex kitty had increased $140 million to $642.631 billion in the previous reporting week, according to RBI data. For the week ended March 29, the foreign currency assets, a …

India Billion Rbi Reserve Forex Reserves Forex Reserves

9 months, 3 weeks ago

Overseas Indian Students Losing Rs 548 Billion In Forex Fees, US Most Costly: Study

News 18

A study conducted by Wise, the global technology company, highlighted the significant financial challenges faced by Indian students when pursuing higher education abroad. Beyond tuition fees and living expenses, Wise’s research revealed that Indian international students are also losing around Rs 548 billion in foreign exchange fees, an often overlooked expense. The research ranked the 10 most expensive destinations to …

Students International Students Money Transfer Fees Transfer Fees Study

10 months, 1 week ago

India’s forex reserves snap two-week rising streak, drop to $617 billion

Live Mint

India's foreign exchange reserves snapped a two-week gaining streak and stood at $617.23 billion as of February 9, coming off a one-month high, data from the Reserve Bank of India showed on Friday. Foreign exchange reserves also include India's reserve tranche position in the International Monetary Fund. In the week that the foreign exchange data pertains, the rupee fell 0.1 …

India Foreign Rbi

11 months, 2 weeks ago

Bangladesh's forex reserves stand at $17.20 billion, fall short of even relaxed IMF targets in 2023

Firstpost

At the close of December 2023, Bangladesh’s foreign exchange reserves stood at USD 17.20 billion, falling short of the International Monetary Fund’s adjusted target of a minimum of USD 17.78 billion. The IMF had initially approved a USD 4.7 billion loan for Bangladesh in January last year, establishing a minimum Forex Reserve, also known as the Net International Reserve, of …

Bangladesh Bank Billion 2023 Target Imf Usd

1 year ago

India’s forex reserves hit 20-month high; jump to $615.971 billion: RBI

Live Mint

Amid heavy inflows in Indian debt and equity markets, India's foreign exchange reserves rose for the fifth straight week, reaching an over 20-month high of $615.97 billion as of December 15, according to the data released by the Reserve Bank of India on Friday. The Reserve Bank of India's intervention in forex markets along with valuation changes impact reserves. Foreign …

India Indian Billion Reserve Reserves

1 year, 5 months ago

Pakistan’s forex reserves double to $8.73 billion

Live Mint

Pakistan's foreign exchange reserves have surged to a nine-month high following a fresh financial bailout from the International Monetary Fund. The country's reserves nearly doubled to $8.73 billion as of July 14, with inflows coming from the IMF and friendly nations like Saudi Arabia and the UAE. The financial assistance, totaling around $4.2 billion received last week, comes as Pakistan …

Pakistan Report Billion Imf

1 year, 5 months ago

India Records 2nd Highest Jump In Forex Reserves Among Major Economies in 2023: RBI Bulletin

News 18

The rain deficit in India is rapidly closing amid a highly cyclone-skewed distribution, and manufacturing and services activity in the country remains in expansion albeit with some sequential moderation in June, according to the RBI’s latest report released on Monday, July 17. It said India’s foreign exchange reserves increased $71.8 billion since October 21, 2022, and stood at $596.3 billion …

India 2023 Rbi Rbi Bulletin Sgx

1 year, 6 months ago

Decoding zero forex markup on debit, credit cards

Live Mint

Starting 1 July, there will be significant changes in the way you spend during foreign holidays, including for food, shopping, commuting as well as for recreational activities. Select fintech firms have partnered banks to offer zero forex markup debit cards, significantly reducing the cost of international spending. Read the fine print Niyo Global card, Fi Visa Platinum debit card and …

Credit Bank Credit Cards Card Cards Zero Jupiter

1 year, 10 months ago

China in Quandary as Pakistan Faces Debt Default After Steep Fall in Forex Reserves

News 18

Watching warily Pakistan plunging into the worst economic crisis with prospects of defaulting on foreign loans, China which holds Islamabad’s largest debt on Monday said it backed measures taken by its “all-weather friend” to tide over the disastrous situation and hoped it will, in the end, pull through. Pakistan’s current account deficit shrank 90.2 per cent to USD 0.24 billion …

China Pakistan Sri Lanka Bank Debt Billion Lanka

2 years ago

Travel cards: A ticket to a low-cost New Year’s Eve getaway with perks

Live Mint

Are you planning to embark on a new adventure, have leisure time, or discover a new culture? Many travel credit cards earn AirMiles that can be redeemed for award flights or class upgrades with partner airlines. Travel credit cards can be subdivided into two categories: Co-branded credit cards: These cards provide higher rewards and benefits because they usually offer a …

Travel Benefits Credit Reward Spending Card Cards

2 years ago

Rupee falls 3 paise to close at 81.71 against US dollar

Deccan Chronicle

MUMBAI: The rupee slipped 3 paise to close at 81.71 against the US dollar on Tuesday as rising crude oil prices in the international market weighed on forex market sentiment. At the interbank foreign exchange market, the local unit opened strong at 81.58 but later slipped into the negative territory. Global oil benchmark Brent crude futures surged 2.33 per cent …

3 Paise Local Unit Unit Forex Rupee Slipped Local Unit Forex

2 years, 1 month ago

Internationalising Rupee a Big Step towards A $5-Trillion Economy - News18

News 18

India was the largest economy of the region in the 1900s, and it made sense for smaller economies to have a similar currency for ease of trade. The recent announcement of the Reserve Bank of India to make Rupee as preferred mode of international trade is a progressive move. $5-trillion economy has been a key growth target driver for which …

India Economy Growth China Russia Indian Taiwan

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Articles for Forex, search results for international

India's Forex Reserves Drop By $1.9 Billion, Hit Near 6-Month Low

Best credit cards for international students: Top 3 picks for abroad

Top 5 credit cards for international travel: How to avail low forex charges, hotel memberships and other benefits

India’s forex reserves hit 5-month low of $656 billion, drop by $47 billion in 7 weeks; Rupee crashes to 8-month low

How a Low Forex Markup Fee Can Save You Money on International Transactions

Ethiopia receives IMF relief after easing forex curbs

Ethiopia currency slides as central bank eases forex curbs

Actors Karan Wahi, Krystle D'Souza under ED radar, record statements in connection with money laundering case

India's forex reserves hit record high of $651.5 billion as of May 31

Forex Update: India's Foreign Exchange Reserves Fall $2 Billion to $646.67 Billion

Forex Cards Or Credit Cards? Which One Is Better For Foreign Travel

India’s forex reserves rise for seventh straight week, jump $2.9 billion to hit all-time high of $648 billion

India’s forex reserves rise for sixth straight week, jump $2.6 billion to hit all-time high of $645.5 billion

Overseas Indian Students Losing Rs 548 Billion In Forex Fees, US Most Costly: Study

India’s forex reserves snap two-week rising streak, drop to $617 billion

Bangladesh's forex reserves stand at $17.20 billion, fall short of even relaxed IMF targets in 2023

India’s forex reserves hit 20-month high; jump to $615.971 billion: RBI

Pakistan’s forex reserves double to $8.73 billion

India Records 2nd Highest Jump In Forex Reserves Among Major Economies in 2023: RBI Bulletin

Decoding zero forex markup on debit, credit cards

China in Quandary as Pakistan Faces Debt Default After Steep Fall in Forex Reserves

Travel cards: A ticket to a low-cost New Year’s Eve getaway with perks

Rupee falls 3 paise to close at 81.71 against US dollar

Internationalising Rupee a Big Step towards A $5-Trillion Economy - News18