foreign exchange News

RBI's New Policy: Foreign Nationals Now Allowed to Open Rupee Accounts Abroad

The Reserve Bank of India (RBI) has announced new rules allowing foreigners to open rupee accounts in overseas Indian banks, aiming to promote the rupee's use in international trad...

Japanese Finance Minister Expresses Concern Over Unstable Foreign Exchange Movements

Japanese Finance Minister Katsunobu Kato expresses alarm over recent speculative-driven foreign exchange movements, emphasizing the need for stable currency trends that reflect eco...

South Korea Pledges Rapid Action to Stabilize Financial Markets Amid Volatility

South Korea's acting President Choi Sang-mok has announced the government's readiness to implement swift and bold measures to stabilize the financial and foreign exchange markets. ...

India's Forex Reserves Plummet to a Six-Month Low: What's Behind the Decline?

India's foreign exchange reserves have dropped to a near six-month low of $652.87 billion, influenced by RBI interventions and currency fluctuations. The rupee also hit an all-time...

South Korea to List Foreign Exchange Stabilization Bonds on Luxembourg Stock Exchange Amid Currency Volatility

South Korea announces measures to stabilize the foreign exchange market, including listing Foreign Exchange Stabilization Bonds on the Luxembourg Stock Exchange, abolishing foreign...

South Korea Unveils Bold Measures to Strengthen Dollar Liquidity and Boost Export Financing

South Korea is expanding banks' forward exchange position limits by 50% and easing foreign currency loan regulations to improve foreign exchange liquidity and support exporting com...