foreign exchange

RBI mulls easing exim norms

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Mumbai: The RBI on Tuesday proposed rationalising regulations that cover export and import transactions with an aim to promote ease of doing business and empower banks to provide more efficient service to their foreign exchange customers.The central bank has issued ‘Regulation of Foreign Trade under Foreign Exchange Management Act (FEMA), 1999 – Draft Regulations and Directions’ … Read more

RBI Extends Currency Swap Support For SAARC Nations Until 2027

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This initiative aims to strengthen economic cooperation within the SAARC region. New Delhi: The Reserve Bank of India (RBI), with the approval of the Government of India, has introduced a revised Framework on Currency Swap Arrangement for SAARC (South Asian Association for Regional Cooperation) countries, covering the period from 2024 to 2027, said RBI on … Read more