by OverviewFX | Aug 17, 2024 | Industry
The Reserve Bank of India’s foreign exchange reserves declined by $4.8 billion to $670.12 billion in the week ended August 9, with the central bank likely selling dollars in order to prevent excessive volatility in the exchange rate amid global market volatility.The...
by OverviewFX | Aug 16, 2024 | Industry
Recovery from defaulters under the insolvency law rose to 31.12% of the creditors’ claims in the June quarter from 25% in the previous three months, showed the data released by the bankruptcy regulator.However, it’s marginally lower than the longer-term...
by OverviewFX | Aug 16, 2024 | Industry
The finance ministry has permitted 15 securities firms, including SBICAP Securities, IIFL Securities, and Angel One, to conduct Aadhaar authentication of their customers. The Revenue Department under the finance ministry has issued a notification under the Prevention...
by OverviewFX | Aug 16, 2024 | Industry
The move to positive rates, even if minimal, is likely to trigger a gradual repatriation of Japanese capital.In a significant shift that reverberated across global financial markets, the Bank of Japan (BOJ) recently ended its eight-year experiment with negative...
by OverviewFX | Aug 15, 2024 | Industry
NEW DELHI/DHAKA -Political turmoil in Bangladesh is likely to slow planned financial reforms and has already added to weakness in the banking sector, S&P Global Ratings said on Wednesday.Prime Minister Sheikh Hasina quit and fled to India last week after...
by OverviewFX | Aug 15, 2024 | Industry
New Delhi, President Droupadi Murmu on Wednesday said that India is among the fastest-growing major economies, adding it was a matter of pride for everyone that the country has become the fifth-largest economy in the world, and is set to be among the top 3 global...
