Starting October 1, 2023, new tax collection at source (TCS) rates will affect various financial transactions, such as international travel, investments in foreign assets, and educational expenses abroad. New TCS rules have kicked in: Here's what gets costlier and what remains same Oct 2, 2023, 03:07PM IST.The license allows Indel Money to offer services such as converting foreign currency bank notes, providing travel money cards, and facilitating outward remittances. Indel Money, a non-banking finance company specializing in gold loans, has received an Authorized Dealer (AD) Category-II license from the Reserve Bank of India (RBI) to expand its foreign exchange business. Indel Money gets license from RBI to start forex business Oct 3, 2023, 01:59PM IST.It recovered some of those losses and last bought 156.18 yen. Other currencies similarly fell against the yen in the previous session, with the euro losing more than 1.5% to a low of 154.39 yen. Yen cowers near 150 as Japanese intervention chatter runs rife Oct 4, 2023, 07:52AM IST.The move intends to combat the illegal use of approximately 50% of the $10 billion that Iraq imports in cash from the New York Federal Reserve annually. This decision is part of an effort to prevent the misuse of its hard currency reserves for financial crimes and to evade U.S. Starting from January 1, 2024, Iraq plans to prohibit cash withdrawals and transactions in U.S. Iraq to ban cash withdrawals and transactions in dollar before 2024 Oct 5, 2023, 03:34PM IST.private payrolls increased far less than expected in September. ![]() Dollar rally pauses for breath in reprieve for yen, euro Oct 5, 2023, 09:06PM ISTĪfter touching an 11-month high earlier this week, the dollar index, which tracks the greenback against six other currencies including the euro and yen, edged 0.07% lower to 106.68 after Wednesday's data showed U.S.India's foreign exchange reserves stood at $586.9 billion for the week ending September 29, RBI governor Shaktikanta Das announced during the MP meet on Friday. India's forex reserves at $586.9 bn as on Sep 29 Oct 6, 2023, 10:34AM IST.
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