The Reserve Bank of India (RBI) has enabled select banks in India to offer round-the-clock (24×7) trading in the Indian rupee to allow Indians to safeguard their foreign exchange (Forex) risks at any time. The select banks in India offered Indian customers foreign exchange rates only in inter-bank market hours from 9 am – 5 pm. This decision will also make the offshore currency markets in countries like Dubai & Singapore less attractive for Indian investors.
Important takeaways for all competitive exams:
The East Bengal have finally ended one of the Indian Football's lonest title after they…
India's ambitious restoration mission Project Cheetah is showing the strong momentum as the India's cheetah…
Delhi Forest Department set to develop the 'Vaman Van' which is an interactive biodiversity zone…
India has postponed the Fourth India-Africa Forum Summit which was schedule to be held in…
India and South Korea have strengthened the strategic relationship as Defense Minister of India Rajnath…
Dr. Soumya Swaminathan who was former WHO chief scientist and ex-Director General of ICMR has…