Foreign Currency Exchange
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Rupee Falls 8 Paise To 86.87 Against US Dollar
The rupee failed to sustained its recovery and depreciated 8 paise to close at 86.87 (provisional) against the US dollar on Wednesday due to a firm American currency and unending outflow of foreign funds.
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5 Major Scholarships To Study Abroad For Indian Students
Fluctuating foreign currency exchange rates can add to these financial challenges, prompting many to seek scholarships or loans.
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Huge Currency Swap Agreement To Help Maldives On Foreign Exchange Reserves
Prime Minister Narendra Modi on Monday underlined New Delhi's position as a "close friend" of the Maldives and emphasised his government's readiness to respond to medical and economic emergencies as part of its 'neighbourhood first' foreign policy.
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Thane Man Duped Of Rs 4 Lakh On Promise Of Foreign Currency Exchange: Cops
A 51-year-old man was allegedly duped of Rs 4 lakh by three people who offered to exchange his foreign currency at Dombivli in Maharashtra's Thane district, police said on Tuesday.
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Maldives Police Investigate Alleged Coup Plot To Overthrow Government
Police in the Maldives are investigating an alleged attempt to topple President Mohamed Muizzu by stirring anger over the Indian Ocean archipelago's worsening financial conditions.
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RBI Extends Currency Swap Support For SAARC Nations Until 2027
The Reserve Bank of India (RBI) has extended its currency swap arrangement with SAARC countries until 2027, introducing a revised framework to address short-term foreign exchange liquidity needs and balance of payment crises.
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Pakistan Needs To Repay $77 Billion Debt To China, Saudi Arabia By 2026: Report
Pakistan, currently tackling a major economic crisis, is grappling with high external debt, a weak local currency and dwindling foreign exchange reserves.
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Apple Adjusts App Store Pricing for Apps, In-App Purchases in Several Countries
Apple has announced a change in prices for apps listed on the Apple App Store and for in-app purchases. The changes have been made to reflect fluctuating foreign exchange rates and updated tax policies in certain countries. The Cupertino, California-based tech giant confirmed that the changes made in pricing will be reflected from February 10, 2023...
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Pak Currency Plunges To 262 Against Dollar Amid IMF Aid Uncertainty
Cash-strapped Pakistan's currency depreciated to its lowest against the US dollar on Friday in the interbank and open market and closed at Rs 262.6.
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South Africa Classifies Crypto Assets as Financial Products, Clears Deck for Regulation
South Africa's financial watchdog, the Financial Sector Conduct Authority (FSCA), on Wednesday said that it had classified cryptocurrency assets as financial products. The move comes ahead of plans to regulate the crypto sector. Financial watchdogs across the globe have been grappling with how to regulate new digital currencies and tokens, the pric...
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IBM Warns of $3.5 Billion Forex Hit as Quarterly Earnings Beat Estimates
IBM announced that it had beat quarterly revenue expectations on Monday. However, the 110-year-old IT firm warned that foreign exchange could cause a revenue hit of 6 percent this year on the back of a strong dollar. Other firms like Microsoft and Salesforce have also tempered expectations thanks to a hawkish Federal Reserve and heightened geopolit...
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Sri Lanka Seeks $1.1 Billion Forex Swap With India Under SAARC Agreement
Sri Lankan President Gotabaya Rajapaksa has requested India to provide a special USD 1.1 billion currency swap facility to boost the country's draining foreign exchange reserves in view of the economic slowdown due to the coronavirus pandemic.
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Travelex Currency Exchange Taken Down After Being Hit by Ransomware: Report
A week after a malicious virus infected its network, the London-based foreign currency exchange company Travelex had yet to restore digital sales and was reported infected with ransomware by hackers threatening to release personal data unless it pays a $3 million ransom.
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Indian-origin Man Convicted For Price Fixing In US Foreign Exchange Market
An Indian-origin former currency trader was convicted for his participation in an antitrust conspiracy to manipulate prices for emerging market currencies in the global foreign currency exchange market (FX), the Justice Department announced.
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India, Japan Sign 75 Billion Dollar Currency Swap Agreement
India and Japan on Monday concluded a $75 billion bilateral currency swap agreement -- less than a week after Tokyo entered into a similar pact with Beijing for $30 billion -- a move aimed at improving confidence in the country's foreign exchange and capital markets.
-
Rupee Falls 8 Paise To 86.87 Against US Dollar
The rupee failed to sustained its recovery and depreciated 8 paise to close at 86.87 (provisional) against the US dollar on Wednesday due to a firm American currency and unending outflow of foreign funds.
-
5 Major Scholarships To Study Abroad For Indian Students
Fluctuating foreign currency exchange rates can add to these financial challenges, prompting many to seek scholarships or loans.
-
Huge Currency Swap Agreement To Help Maldives On Foreign Exchange Reserves
Prime Minister Narendra Modi on Monday underlined New Delhi's position as a "close friend" of the Maldives and emphasised his government's readiness to respond to medical and economic emergencies as part of its 'neighbourhood first' foreign policy.
-
Thane Man Duped Of Rs 4 Lakh On Promise Of Foreign Currency Exchange: Cops
A 51-year-old man was allegedly duped of Rs 4 lakh by three people who offered to exchange his foreign currency at Dombivli in Maharashtra's Thane district, police said on Tuesday.
-
Maldives Police Investigate Alleged Coup Plot To Overthrow Government
Police in the Maldives are investigating an alleged attempt to topple President Mohamed Muizzu by stirring anger over the Indian Ocean archipelago's worsening financial conditions.
-
RBI Extends Currency Swap Support For SAARC Nations Until 2027
The Reserve Bank of India (RBI) has extended its currency swap arrangement with SAARC countries until 2027, introducing a revised framework to address short-term foreign exchange liquidity needs and balance of payment crises.
-
Pakistan Needs To Repay $77 Billion Debt To China, Saudi Arabia By 2026: Report
Pakistan, currently tackling a major economic crisis, is grappling with high external debt, a weak local currency and dwindling foreign exchange reserves.
-
Apple Adjusts App Store Pricing for Apps, In-App Purchases in Several Countries
Apple has announced a change in prices for apps listed on the Apple App Store and for in-app purchases. The changes have been made to reflect fluctuating foreign exchange rates and updated tax policies in certain countries. The Cupertino, California-based tech giant confirmed that the changes made in pricing will be reflected from February 10, 2023...
-
Pak Currency Plunges To 262 Against Dollar Amid IMF Aid Uncertainty
Cash-strapped Pakistan's currency depreciated to its lowest against the US dollar on Friday in the interbank and open market and closed at Rs 262.6.
-
South Africa Classifies Crypto Assets as Financial Products, Clears Deck for Regulation
South Africa's financial watchdog, the Financial Sector Conduct Authority (FSCA), on Wednesday said that it had classified cryptocurrency assets as financial products. The move comes ahead of plans to regulate the crypto sector. Financial watchdogs across the globe have been grappling with how to regulate new digital currencies and tokens, the pric...
-
IBM Warns of $3.5 Billion Forex Hit as Quarterly Earnings Beat Estimates
IBM announced that it had beat quarterly revenue expectations on Monday. However, the 110-year-old IT firm warned that foreign exchange could cause a revenue hit of 6 percent this year on the back of a strong dollar. Other firms like Microsoft and Salesforce have also tempered expectations thanks to a hawkish Federal Reserve and heightened geopolit...
-
Sri Lanka Seeks $1.1 Billion Forex Swap With India Under SAARC Agreement
Sri Lankan President Gotabaya Rajapaksa has requested India to provide a special USD 1.1 billion currency swap facility to boost the country's draining foreign exchange reserves in view of the economic slowdown due to the coronavirus pandemic.
-
Travelex Currency Exchange Taken Down After Being Hit by Ransomware: Report
A week after a malicious virus infected its network, the London-based foreign currency exchange company Travelex had yet to restore digital sales and was reported infected with ransomware by hackers threatening to release personal data unless it pays a $3 million ransom.
-
Indian-origin Man Convicted For Price Fixing In US Foreign Exchange Market
An Indian-origin former currency trader was convicted for his participation in an antitrust conspiracy to manipulate prices for emerging market currencies in the global foreign currency exchange market (FX), the Justice Department announced.
-
India, Japan Sign 75 Billion Dollar Currency Swap Agreement
India and Japan on Monday concluded a $75 billion bilateral currency swap agreement -- less than a week after Tokyo entered into a similar pact with Beijing for $30 billion -- a move aimed at improving confidence in the country's foreign exchange and capital markets.
