Tag Archives: reserve bank of India
India’s forex reserves down by $2.59 billion
MUMBAI- India’s foreign exchange (forex) reserves declined by $2.59 billion to $293.10 billion for the week ended January 3, Reserve Bank of India (RBI) data showed. The foreign exchange reserves had… Read more
Rupee ends lower at 61.91 per dollar on Monday
Mumbai: The rupee fell on Monday, hit by strong dollar demand by a state-run bank that dealers said was intended to meet oil refiner needs, and is on course to… Read more
Bitcoin traders under ED scanner
MUMBAI- Soon after the Reserve Bank of India warning on bitcoin trading in India, the Enforcement Directorate (ED) conducted its first searches on a bitcoin trader in Ahmedabad. Searches were… Read more
RBI cautions risks of virtual currencies to users
NEW DELHI- With growing interest and reporting about virtual currencies like Bitcoins, the Reserve Bank of India said on Tuesday these were highly speculative and unregulated instruments, cautioning users about the potential… Read more