The MOU envisages a joint viability study of establishing operations in an International Finance Service Center in India.
Read moreA rickshaw driver in Bangalore, India discovered a bag left behind by a customer When the customer exited the rickshaw containing 4,100 Euros, 10,000 Malaysian Ringgits, 2.99 lakh Sri Lankan Rupees, 45,805 UAE Dirham and Rs. 11,000 in cash which an employee of an FX company in Chennai was to hand to a colleague
Read moreThe new business development branch, with offices in Delhi and Bangalore, is engaged with providing Protrader to Indian and Southeast Asian market participants.
Read more"If it walks like a duck or quacks like a duck, it is a duck" quipped Reserve Bank of India Governor Raghuram Rajan in his highly critical diatribe
Read moreAfter two and a half years at Tradenext, Larry Da Souza has resigned from his position as Director of Sales & Trading
Read moreIndian banks will no longer be required to have bilateral exposure limits with other banks when trading FX, removing the need for banks to keep capital for the limits
Read moreBank transfers just got faster, customers can now send instant money transfers from UAE to India. UAE is home to a staunch base of expat Indian FX traders.
Read moreIndia is shooting to compete with other financial destinations such as Hong Kong, Singapore, Dubai and London by making the Gujarat International Finance Tec-City (GIFT) one of the foremost international financial centres in the world
Read moreThe reform moves are in line with a bufget announcement made by Finance Minister Arun Jaitley, where he called for deepening the currency derivative market. Trading hours also look to be extended in currency products.
Read moreGlobal foreign exchange reserves may have fallen in the third quarter for the first time since the financial crisis as central banks stepped up interventions to prevent their currencies from falling too sharply. As the U.S. Federal Reserve gears up to raise interest rates next year, dollar-funded "carry trades", in which traders borrow in low…
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