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RBI introduces new forex scheme to make transactions easier. Details here

In order to enhance the ease of doing business, RBI has proposed to introduce a new category of money changers (under the scheme namely Forex Correspondents Scheme). These money changers may conduct money changing business through any agency model via Category-I and Category-II authorised dealers ....

Foreign Exchange Management , Regulatory Policies , Foreign Exchange Management Act , Reserve Bank , Forex Correspondents Scheme , Personal Finance , Foreign Exchange , Forex Agents , Money Changers , Forex Correspondents , Forex Scheme , Reserve Bank Of India , Forex Transactions ,

Ringgit rebounds to close higher vs US$

KUALA LUMPUR: The ringgit rebounded to close higher against the US dollar on Wednesday as the greenback weakened due to a lack of major data, said an analyst. ....

Kuala Lumpur , United Kingdom , Mohd Afzanizam Abdul Rashid , Federal Reserve , Bank Muamalat Malaysia Bhd , Muamalat Malaysia Bhd , Mohd Afzanizam , Us Dollar ,

Currency | Rupee slips 4 paise to 83.23 against US dollar in early trade

On Tuesday, the domestic unit settled at 83.19 against the American currency ....

United States , Red Sea , Djibouti General , Institutional Investors , S Dollar ,

Most Asian equities, currencies edge higher on rising US rate cut bets

MOST Asian currencies and equities strengthened on Tuesday, with the Malaysian ringgit hovering at more than a four-month high, as cooling U.S. inflation bolstered bets the Federal Reserve would cut interest rates soon. ....

T Ai Pei , South Korea , South Korean , Christopher Wong , Ferdinand Marcos Jr , Federal Reserve , Amanah Investment Bank , Monetary Authority Of Singapore , Investment Bank , Philippine President Ferdinand Marcos , Interest Rates ,

Ringgit retreats against US dollar at the close

KUALA LUMPUR: The ringgit retreated from last week’s gains to close lower against the greenback on Tuesday on declining crude oil prices and lack of demand despite a weaker US dollar, said an analyst. ....

Kuala Lumpur , United Kingdom , Mohd Afzanizam Abdul Rashid , Mohd Afzanizam , Bank Muamalat Malaysia Bhd , Fund Rate , Muamalat Malaysia Bhd , Consumption Expenditures , Fed Fund Rate , Us Dollar , Oil Prices ,