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RBI nudges banks to offer better forex rates to retail customers - The Economic Times
The Reserve Bank of India is pushing banks to offer better foreign exchange rates for individuals and small businesses. A new platform allows direct trading at inter-bank rates, aiming to eliminate the higher mark-ups previously charged. This move seeks to bring transparency and fairness to forex transactions, ensuring smaller customers get deals comparable to larger corporations. The RBI will now monitor bank performance on this initiative quarterly.
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timesofindia.indiatimes.com
India offers up to 9% leverage to NRIs to attract fresh forex inflows; guarantees returns of over 7%
India is turning to its overseas community to boost its foreign currency inflows, with banks expected to offer substantial leverage on special foreign-currency deposits. This…
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economictimes.indiatimes.com
RBI eases forex exposure rules, giving banks more room to trade
The Reserve Bank of India has updated foreign exchange exposure rules for banks. These changes simplify calculations by merging onshore and offshore positions and allow inclusion…
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RBI nudges banks to offer better forex rates to retail customers - The Economic Times
The Reserve Bank of India is pushing banks to offer better foreign exchange rates for individuals and small businesses. A new platform allows direct trading at inter-bank rates,…