Categories: Banking

RBI allows to offer 24×7 rupee trading via select banks

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:

  • RBI 25th Governor: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.

 

Find More Banking News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

SCO Summit 2026 in Bishkek: Dates, Venue, Agenda and Member States

The SCO Summit 2026 is scheduled to feature leaders and representatives of the Shanghai Cooperation…

58 minutes ago

Dak Seva vs Dak Mitra: Know the Difference Between India Post’s Two New Apps

India Post is making an upgrade to its digital services by launching upgraded versions of…

2 hours ago

Which Country Gifted the Statue of Liberty to the United States?

The Statue of Liberty is among the world's well-known symbols of freedom, democracy, and friendship.…

2 hours ago

Satish Golcha Gets New Posting in Delhi Home Guards Directorate

Satish Golcha, who had earlier served as the Commissioner of Police for Delhi, has been…

3 hours ago

India and China Hold Border Talks, Agree to Continue Search for Settlement

India and China are agreed to continue dialogue which aimed at to finding a just,…

3 hours ago

Fino Payments Bank Extends Interim CEO Ketan Merchant’s Tenure

Fino Payments Bank granted another three months extension to Ketan Merchant, who shall act as…

4 hours ago