Forex

Robin Villiers
Updated on January 4, 2024

Bangladesh’s Forex Reserve Falls Short of IMF 2023 Target

Bangladesh forex reserves ended 2023 at $17.20 billion, less than the International Monetary Fund’s (IMF) revised target of $17.78 billion, Initially pegged at $26.81 billion,...

Robin Villiers
Updated on December 28, 2023

RBI Launches Innovative Forex Transaction Scheme

The Reserve Bank of India (RBI) has established a licensing framework for authorised individuals governed by the Foreign Exchange Management Act (FEMA). Essentially, new...

Robin Villiers
Updated on December 26, 2023

RBI Takes Strong Action Against Forex Crimes

The Reserve Bank of India (RBI) is intensifying efforts to curb illegal forex trading, engaging with banks and the government for more robust measures....

Robin Villiers
Updated on December 18, 2023

India’s Tourism Forex Rises Despite Visitor Dip

In October 2023, there were fewer international tourists to India than in October 2019. The industry’s financial standing, however, paints a quite different picture....

Robin Villiers
Updated on December 12, 2023

India’s Forex Reserves: Surging Past $600B After Four-Month Pause

India’s forex reserves have reached a milestone, crossing $600 billion in four months and settling at $604 billion as of December 1. The achievement...

Robin Villiers
Updated on December 7, 2023

CME Group Launches ‘Spot+’ to Boost FX Liquidity

Amidst increased industry competition, the CME group introduced a Spot+ trading platform to reduce trading volume and increase liquidity across 40 currency pairs, connecting...

Noah Williams
Updated on November 28, 2023

RBI Lists 19 Unauthorised Forex Platforms on Alert

The Reserve Bank of India (RBI) has expanded its Alert List by adding 18 internet domains and one mobile app, exposing unauthorised foreign exchange...

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