FB Ind: Net Profit at Rs 17.5 cr vs loss Rs 1.14 cr, Revenue at Rs 1161 cr vs Rs 999 cr (YoY) Shakti Pumps: Net Profit at Rs 45.2 cr vs Rs 11.2 cr, Revenue at Rs 496 cr vs Rs 314 cr (YoY) Dodla Dairy: Net Profit at Rs 41.3 cr vs Rs …
The Reserve Bank of India (RBI) has recently set the ball rolling for the licensing framework for authorised persons under the Foreign Exchange Management Act (FEMA). In other words, a new set of rules are being drafted to give permission to authorised persons to become money changers. It was first announced in the statement on …
The rupee appreciated 3 paise to 83.37 against the US dollar in early trade on Monday, amid sustained inflow of foreign funds and bullish sentiment in the domestic equity market. An upward movement in crude oil prices, however, weighed on the Indian currency, according to forex traders. At the interbank foreign exchange market, the local …
Image Source : FILE The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year. India’s foreign exchange reserves declined USD 867 million to USD 593.037 billion in the week ended September 15, the Reserve Bank said on Friday. In …