Feb 08, 2016 at 08:09 | Source: Reuters
China's foreign reserves fell USD 99.5 billion to USD 3.23 trillion in January, the lowest level since May 2012, central bank data showed, but higher than the median forecast of USD 3.20 trillion from economists surveyed in a Reuters poll.
Feb 07, 2016 at 16:44 | Source: PTI
The country saw its first-ever annual decline in foreign exchange reserves last year as Beijing tried to prevent a more drastic devaluation. The PBoC is selling dollars to buy yuan amid a capital flight spurred by the slowing growth in the world's second largest economy.
Feb 05, 2016 at 19:39 | Source: PTI
In the previous week, the reserves had increased by USD 355.1 million to USD 347.562 billion. FCAs, a major component of overall reserves, increased by USD 1.584 billion to USD 326.631 billion in the reporting period, RBI said in a release on Friday.
Feb 04, 2016 at 21:57 | Source: PTI
"Keeping in view the objective of promoting ease of doing business, a need was felt to consolidate the regulations and rationalise them in light of evolving business environment and changing practices in cross-border transactions relating to external trade and payments," RBI said.
Feb 04, 2016 at 21:32 | Source: PTI
As per draft norms, an investee company receiving FDI should issue shares within 60 days of receipt of foreign investment and file the report with the Reserve Bank. Timeline under FEMA is 180 days of the receipt of FDI
Feb 03, 2016 at 08:12 | Source: PTI
"Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100 percent of the paid up capital of Vertex Securities Limited under the Portfolio Investment Scheme," the RBI said in a release.
Feb 02, 2016 at 18:35 | Source: PTI
The ministry is in the process of finalising the first set of foreign investors in NIIF. Since coming to power in May 2014, the NDA government has relaxed foreign direct investment norms in over a dozen sectors including defence, banking, railways, construction and medical devices.
Feb 02, 2016 at 11:43 | Source: PTI
The Indian unit resumed slightly lower at 67.85 per dollar as against yesterday's closing level of 67.84 at the Interbank Foreign Exchange (Forex) market. Later, it recovered to 67.77, before slipping back to quote 67.89 at 1045 hours.
Feb 01, 2016 at 20:15 | Source: PTI
Advance Remittance Form (ARF) is used by companies to report FDI inflows to RBI while a company submits Foreign Collaboration General Permission Route(FCGPR) Form for reporting issue of eligible instruments to overseas investor against the FDI inflow.
Feb 01, 2016 at 11:45 | Source: PTI
The Indian unit resumed higher at 67.77 per dollar as against last Friday's closing level of 67.78 at the Interbank Foreign Exchange (Forex) market.