Rajkot – India’s international trade will soon be in rupees. For this, banks of other countries are opening Vostro accounts in Indian banks. 60 foreign banks from 18 countries have sought permission from the Reserve Bank of India for this. Union Commerce Minister Piyush Goyal said these countries include the United Kingdom, Singapore and New […]
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New Delhi: Prime Minister Narendra Modi appealed to set focus on making Indian banks and currency a vital part of the international trade and supply chain. He also asked the financial institutions to encourage those doing exemplary on the economic and business level. The Prime Minister conveyed this message at an event jointly organized by […]
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Washington: The US State Department has expressed confidence that the Indo-US relations will reach new heights with Prime Minister, Narendra Modi at the helm of affairs, in India. As the same time, the United States has taken an effective decision to omit India from the ‘Currency Manipulator’ list. Only three days ago, the United States […]
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New Delhi: A government panel is said to have advised the closure of businesses dealing in the buying and selling of cryptocurrency as also of cryptocurrency exchanges operating in the country. While the ‘Bitcoin’ hits a new high, with its value growing 200 percent in the course of the past seven weeks, the number of […]
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New Delhi – The government has instructed Indian traders and banks to avoid using the Chinese Yuan while doing business with other countries. Claims are being made that the government gave this instruction and the Reserve Bank of India as relations between India and China are strained. The news about this has been published by […]
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New Delhi: India has taken a major step to regulate cryptocurrencies, warning that cryptocurrencies could cause the next financial crisis. According to this, it has been made mandatory for everyone who deals in cryptocurrency, invests money in it and benefits from it to file ‘Know Your Customer-KYC’. Because of this, crypto traders will have to […]
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New Delh: Co-founder Sam Bankman-Fried’s $16 billion empire gets ruined after US-based cryptocurrency exchange FTX collapsed. This has led to a massive drop in the value of cryptocurrencies worldwide. The value of cryptocurrency, which was at three trillion dollars (three hundred thousand crores) in 2021, has now come down to less than one trillion dollars. […]
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New Delhi: After the conflict in Ukraine, the United States imposed sanctions on Russia’s dollar transactions. India and Russia started trading in Rupee-Rouble to avoid the effect on mutual trade. Union Finance Minister Nirmala Sitharaman has said that many countries are eager to do business with Indian Rupee. Sitharaman expressed satisfaction by saying that the […]
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New Delhi: Four days ago, the Indian Rupee reached a record low level against the USD. But developments over the last few days indicate that the Rupee is recovering slowly. Still, warnings are being issued that this slide in the Indian Rupee is a cause for concern. The Minister for Economic Affairs reassured the people […]
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New Delhi: Indian Rupee continues to depreciate, causing a significant concern for the government. The Rupee sliding to 79.11 against 1 US Dollar has triggered worried reactions from various sections of society. On Friday, the Rupee gained 12 paise to close at 78.94. Union Finance Minister Nirmala Sitharaman said that she would be in discussion with […]
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