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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
Uplift your business with global current account

Importers and exporters have distinctive banking requirements. They need to meet the needs of global trade finance, regulations and documentation,... ...
Incentives for hotel industry

Hotels play a vital role in the tourism industry and tourism industry is one of the largest industry in India. The World Travel & Tourism Council... ...

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