General
2011 was a very eventful year in the retail forex market. If anything, 2011 was the year of the regulator.
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Six private banks opened foreign exchange counters on October 1 in the first step of a plan that the government hopes will eventually discourage people from using the illegal hundi remittance network.
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Market volatility on the back of FOMC has caused thunder in the markets as equities and commodities suffered huge losses. The Indian rupee suffered its second biggest fall in history as the US dollar continued to be sought by investors …
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The central bank governing central banks – BIS has issued a warning that a credit boom can be on its way because it has witnessed a sharp rise in elnidng in USD especially form Asia. China has lended USD to …
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