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Indians Spend Record Forex on International Travel 2019-08-16 12:14:56
The World Tourism Organization revealed that Indians are spending a record amount on international travel. As per June 2019, spending on foreign travel amounted to $596 million, the highest since the Reserve Bank of India (RBI) started collating data under the liberalized remittance scheme....
Keywords: Indians traveling overseas, indians traveling abroad, Indians traveling overseas, International Travel
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Tips for NRIs Before Making Real Estate Investment in India 2018-11-12 07:02:02
International Indians are major contributors to Indian forex reserves through investments and payments in several Indian asset classes, of which real estate investments form a crucial chunk. Non-Resident Indians (NRIs), too, have always found investing in real estate to be...
Keywords: Non Resident Indians, Indian, investment in India, real estate investment in India
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Rupee Value Slips Down By 9 Paise To 69.89 In Comparison To USD 2019-12-04 06:41:08
Ahead of the RBI Monetory policy, the shares and trade witnessed a reduced rupee value by 9 paise bringing it down to 69.89 against the US dollar as per the recordings in the early trade Monday in some of the...
Keywords: RBI, USD, USD, forex
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Sri Lanka heading for a Bankruptcy 2022-03-21 12:53:29
Sri Lanka is currently in a deep economic crisis and the government failed badly to import the essential needs for the nation. The island country is heading for bankruptcy. The government of Sri Lanka declared an emergency last year after...
Keywords: Sri Lanka, Sri Lanka Economic Crisis latest news, Sri Lanka, Sri Lanka breaking news
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Quick Guide to Open Resident Foreign Currency Account for Returning NRI 2018-12-31 04:47:48
A returning Non-Resident Indian (NRI) would have assets and bank accounts abroad, as well as income generated from these assets would be in a foreign currency. According to the report, a returning NRI has the option of bringing the funds...
Keywords: types of foreign currency account, foreign currency, resident foreign currency account hdfc, resident foreign currency account axis bank
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47 Paise Rupee Value Ascends Against US Dollar In Trade 2020-11-05 08:10:23
In an opening trade on Thursday, the rupee value ascended to 74.29 against US dollar. The ascended value is 47 paise. According to traders, the local unit has received support from positive domestic equities and weak American currency. When the...
Keywords: Foreign institutional investors, Sensex Market, Sensex Market, Foreign institutional investors
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