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India Foreign Exchange News. Service for global professionals. Constantly updated news and information about India.
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Latest India Foreign Exchange News

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  • Air India reports increased loss for fiscal year 12 Nov 2009 11:58 GMT
    ... Air India reported on Wednesday an increased net loss of ... loans and borrowings; and a loss on foreign exchange due to a depreciating rupee. Revenue for the 12-month period declined to ...

  • India cbank may let trading firms sell fx options 12 Nov 2009 14:15 GMT
    ... MUMBAI, Nov 12 (Reuters) - India's central bank on Thursday released draft guidelines ... exporters and importers to 'write' or sell foreign exchange options to banks and earn premium income ... to offer plain vanilla cross-currency options to Indian residents who transform a rupee liability into ...

  • India probes accounts linked to London UBS case 12 Nov 2009 01:05 GMT
    ... India probes accounts linked to London UBS case ... unfolding investigation into the past management of Indian private banking accounts, including two linked to ... whether what it called “unspecified parties” violated foreign exchange transactions by misusing UBS accounts in London ...

  • UBS accounts closed; funds back in India: ADAG 12 Nov 2009 14:15 GMT
    ... and the funds have been repatriated to India. The British financial market watchdog Financial Services ... of the bank were found speculating in foreign exchange and commodities with money taken illegally from ... on UBS comes at a time when Indian authorities are also probing alleged violation of ...

  • Forbes India: Goa's booming business is land grab 12 Nov 2009 11:56 GMT
    ... so high that a land grab started. Indian developers (and not a few Russians) bought ... zones with retrospective affect. According to the Foreign Exchange Management Act, 1999 (FEMA), foreign landowners cannot ... buy agricultural land of any sort in India; violators can be penalised three times the ...

  • Report: India government investigates accounts linked to London UBS case 12 Nov 2009 19:51 GMT
    ... The Indian government is investigating accounts linked to a ... directorate is probing whether "unspecified parties" breached foreign exchange transactions by improperly using UBS accounts in ... of Nov. 2 in connection with the India-related activity. ...

  • RBI releases draft norms on forex options 12 Nov 2009 19:51 GMT
    ... the face of over-the-counter derivatives market in India, the Reserve Bank of India, or RBI, ... cross-currencies and earn premium on them. The Indian central bank has also proposed that banks ... seeking comments on the proposals for over-the-counter foreign exchange derivatives and hedging commodity price risk and ...

  • Niko Reports Results for the Three and Six Months Ended September 30, 2009 12 Nov 2009 11:30 GMT
    ... administrative expense (2,445) (1,946) (3,976) (4,662) Realized foreign exchange (loss) (230) (1,950) (857) (1,287) Current income ... profits from Surat with the Government of India during the quarter and year-to-date. Profit petroleum ... weakening of the U.S. dollar against the Indian rupee. Net Income Three months ended Six ...

  • RBI issues draft norms on OTC forex derivatives 12 Nov 2009 15:15 GMT
    ... draft guidelines on over the counter (OTC) foreign exchange derivatives and hedging commodity price risk and ... call and put options both in foreign currency-rupee and cross currency and also receive premia. ... cross currency options to persons resident in India (other than AD Category- I banks), who transform ...

  • When The Wall Fell, Asia Rose 12 Nov 2009 04:37 GMT
    ... The closing ceremony of the 2008 Olympic Games in Beijing ... As the Eastern bloc began to unravel, India had to wean itself from barter trade ... made possible by the post-1989 shifts in Indian policy thinking. Of course, not all post-1989 ...

  • UBS fined as staff misuses Anil Ambani firms' funds 12 Nov 2009 10:49 GMT
    ... funds of customers, including two companies of Indian industrialist Anil Ambani-led group. The penalty of ... was investigating whether some 'unspecified parties' violated foreign exchange transactions by misusing UBS accounts in London ... a group of diamond dealers based in India and Belgium to a Mauritius fund owned ...

  • UBS fined 8 mn pounds for misusing RNRL account 12 Nov 2009 10:50 GMT
    ... funds of customers, including two companies of Indian industrialist Anil Ambani-led group. The penalty of ... the newspaper reported. According to the report, India's Enforcement Directorate was investigating whether some "unspecified ... was investigating whether some "unspecified parties" violated foreign exchange transactions by misusing UBS accounts in London ...

  • UBS fined as staff misuses Anil Ambani firm funds 12 Nov 2009 15:02 GMT
    ... funds of customers, including two companies of Indian industrialist Anil Ambani-led group. The penalty of ... was investigating whether some 'unspecified parties' violated foreign exchange transactions by misusing UBS accounts in London ... a group of diamond dealers based in India and Belgium to a Mauritius fund owned ...

  • Make The Visit Count 12 Nov 2009 01:04 GMT
    ... indictment of Pakistan-sponsored terrorism in Afghanistan and India. Washington is also finding that, as its ... oil prices and is using its vast foreign exchange reserves and possession of around $800 billion ... administration should understand India’s policies. Alluding to Indian concerns about calls for a US-China “condominium” ...

  • Top Article: Make The Visit Count 12 Nov 2009 01:34 GMT
    ... indictment of Pakistan-sponsored terrorism in Afghanistan and India. Washington is also finding that, as its ... oil prices and is using its vast foreign exchange reserves and possession of around $800 billion ... administration should understand India’s policies. Alluding to Indian concerns about calls for a US-China “condominium” ...


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