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RBI liberalises EEFC account scheme

Reserve Bank of India has relaxed the exchange earners foreign currency account scheme by removing the ceiling of $3 million.Authorised dealers can now permit their exporter constituents to extend......

Why imports are getting costlier

The finance ministry has moved to curb the current account deficit by raising the excise and Customs duties on gold and by raising tariff values and import duties on edible oil.On its part, the......

Rupee up 23 paise against dollar

The Indian rupee on Wednesday appreciated by 23 paise to close at 54.75 against the US dollar following sustained selling of the American currency by exporters and some banks amid persistent......

Rupee drops by 7 p vs USD at 55.65

In volatile trade, the rupee on Tuesday dropped by seven paise to close at 55.65 against the US currency, notwithstanding RBI announcing easing of norms with regards to retention of foreign......

Re rebounds from life-time lows; back to 55-level

After plunging to a new low of 56.38, the rupee on Thursday staged a smart recovery to close at 55.64 against the dollar to snap the three-day string of losses as Reserve Bank of India's......
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  People speak for eefc

  • QNA
:  A. if they can open in mauritius, swiss banks then why not more

Q. what is UBS and EEFC a/c?
Ashwins:  A. To shield the firms engaged in regular export and import from the exchange rate fluctuations RBI has allowed parking of foreign currency by...... more

kavita pandey
Q. What is the full form of--EEFC
Kavita Pandey:  A. East European Folklife Center more

Q. what is the Purpose of Opening EEFC A/C
Rex :  A. you can keep you dollors in this account and when you feel that excahnge rate is good you can transfer your money from eefc account to your normal account. more

  Web results for Eefc
Eefc a/c

Dear Sir, Whenever we receive our inwards remittance of our export,the same we will park in EEFC A/c as in foreign currency. When we receive in... ...
International deposits of banks rose 36% in Dec

The RBI on Friday said international liabilities of banks have increased 36 per cent as non-resident Indians deposited funds in their home country.... ...
'Advance authorisation scheme applies irrespective of currency of realisation'

TNC Rajagopalan May 5, 2014 Last Updated at 21:38 IST We have supplied to a SEZ unit under ARE1, wherein we have mentioned the Advance... ...

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