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India Today

Briefly Business: India's forex reserves dip by $4.67 billionIndian ExpressNew Delhi: A dip in India's foreign currency assets resulted in a $4.67 billion decline in the country's forex reserves to $302.1 billion for the week ended December 16. Foreign currency assets fell by $4.668 billion to $266.968 billion for the week, …India's Forex Reserves Slump by $4.67 Billion Siliconindia.comIndia's forex reserves slump by $4.67 billion NDTVall 18 news articles »

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Forex trading soars in Gulf countriesIndian ExpressAs markets experience volatility and investors shy away from equities and real estate, forex is becoming the investment class of choice in the Gulf region, according to ADS Securities. "With high levels of volatility becoming the norm, rather than the …Forex trading set to soar in the GCC, according to ADS Securities AME InfoUAE to become forex trading hub Emirates 24/7all 9 news articles »

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DIAL seeks nod for third forex counter at IGI’s T3Indian ExpressThe Customs department, meanwhile, maintains that the existing forex counters are in violation of the regulations of the Foreign Exchange Management Act (FEMA). A letter written to the Customs department by DIAL’s Chief Commercial Officer Romy Juneja …and more »

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Tehelka

Euro vanishes from Indian forex marketTehelkaClearing Corporation of India chief forex officer Indrani Rao said: “There are no euro trades now. The entire interbank settlement is in US dollar. …and more »

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The foreign exchange derivatives contracts entered into by Indian companies in the last two to three years has starting taking its toll now on companies’ performance on the back of continued depreciation of the rupee against the dollar.

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