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RBI Alert: Organizations Restricted from Forex Trading Under FEMA

Nov 28, 2023

In a recent move to ensure the integrity of foreign exchange trading, the Reserve Bank of India (RBI) has issued a crucial alert list. The central bank has compiled a list of organizations that are not authorized to engage in foreign exchange trading under the Foreign Exchange Management Act 1999 (FEMA). Understanding the ...

Unlocking Sri Lanka: Your Guide to Visa-Free Travel and Seamless Forex Services

Nov 24, 2023

Sri Lanka, the jewel of the Indian Ocean, has opened its doors wider to welcome travelers with the recent announcement from the Ministry of Tourism. In a groundbreaking pilot project, citizens from seven countries - India, China, Russia, Malaysia, Japan, Indonesia, and Thailand - can now enjoy visa-free entry until March 31, ...

How G20 2023 summit meeting held in India help the global forex market and how it will boost the Indian forex market

Nov 24, 2023

The G20 2023 summit held in India has had a significant impact on both the global forex market and the Indian forex market. This international gathering of major economies has provided a platform for discussions and decisions that have rippled through the financial world, affecting everything from Forex and currency rates to ...

Will the Indian Rupee's Currency Value Increase in the Global Forex Market After the G20 2023 Summit?

Nov 24, 2023

The G20, officially known as the Group of Twenty, comprises 19 countries and the European Union united to address global economic challenges. Established in 1999 in response to significant global economic issues, it represents around 80% of the world's GDP, handles 75% of global trade, and includes over two-thirds of the global ...

Rupee Hits New Low of 83.27/$ as Oil Surges: Unraveling the Economic Dynamics

Nov 23, 2023

Introduction: In a twist of economic fate, the Indian Rupee has recently plummeted to a new low, settling at 83.27 against the US Dollar. This downturn in currency value comes as a consequence of the surging global oil prices. As we delve into this economic development, it's crucial to analyze the intricate connections ...

Decades Unveiled: INR's Fascinating Journey Against the US Dollar (1947-2023)

Nov 24, 2023

Introduction: The evolution of a country's currency reflects the intricate economic history of that nation. In the case of India(Bharat), the journey of the Indian Rupee (INR) against the United States Dollar (USD) is a compelling narrative spanning from the post-independence era in 1947 to the present day. This blog explores the ...