Currency

  | May 10, 2016

The Reserve Bank of India bought a net of $4.7 billion dollars from the spot currency markets in March according to the data released by the Reserve Bank of India in its monthly bulletin. For the whole year FY'16, the RBI purchased a cumulative of $10.2 billion in FY'16....

Pitcher Partners | May 04, 2016

The government has announced its intention to remove the double taxation for GST purposes of digital currency such as Bitcoin.Currently, GST applies to both the purchase of digital currency and the subsequent use of that currency in purchasing goods or services which themselves are subject to GST....

| May 02, 2016

Last year, a few influential voices urged the Federal Reserve not to raise interest rates out of concern that it would slow global growth and fuel financial disruptions. Fed officials listened politely, then hiked rates in December and subsequently paused. Given recent developments in the foreign-exchange markets, some of these voices may now be wondering if the Fed should resume its rate increases....

Euronet Worldwide | January 27, 2016

U.K.-based HiFX, the fast-growing provider of online international payments and foreign exchange services, and a subsidiary of Euronet Worldwide, Inc. (Nasdaq:EEFT), announces its entry into North America. HiFX will bring its global payments expertise, innovative financial technology and highly tailored customer service to the billion-dollar U.S. and Canadian currency exchange market....