Latest Forex News & Updates

Amreli/Surat, July 9 (IANS) The Surat City Cyber Crime Cell on Thursday arrested a 29-year-old software engineer in connection with an alleged online investment fraud in which a complainant was cheated of over Rs 72.73 lakh after being lured with promises of high returns from cryptocurrency trading.Police said the accused, identified as Divyesh Patel, was traced and arrested following a technical investigation into the case.He is employed at a software company, holds a B.Tech degree in Electrica…

New Delhi, June 6 (IANS) The latest measures by the government and the Reserve Bank of India (RBI) to boost rupee and foreign capital could improve the balance of payments (BoP) by more than $30 billion in the short run, by both narrowing the current account deficit (CAD) and raising capital inflows, according to HSBC.Ahead of the June policy meeting, markets were focused on two fronts: rupee support measures and the policy rate decision. “We think the RBI took a split approach, going ‘all i…

New Delhi, Feb 3 (IANS) The India-US trade agreement is the most important deal for the country and will generate more jobs and also add to foreign exchange, said Ashishkumar Chauhan, NSE MD and CEO, on Tuesday.Speaking to IANS, Chauhan stated that the trade deal between the US and India was expected for a long time, and now will be implemented immediately, unlike the European deal, which is expected to roll out after six months.“India is the only country that has manpower, high-tech appreciat…