The obligation to submit the FLA Return stems from FEMA, 1999, specifically read with the Foreign Exchange Management ...

The rupee has lost over 3.5% to the greenback this fiscal so far, most of which happened since the new RBI governor took charge last month. It touched an all-time low of 86.70 this Monday and ...

Mumbai: The Reserve Bank of India (RBI) has asked banks to ensure that any guarantee contracts they advise or facilitate for their resident clients must align with FEMA guidelines. FEMA, or the ...

The RBI has sole discretion to approve or reject a compounding application. Inc42 has reached out to Paytm for comments on the development. The story will be updated based on the response.

The RBI has signed memoranda of understanding with the central banks of the UAE, Indonesia and Maldives to encourage cross-border transactions in local currenci ...