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3 Indians sentenced to 517-year jail term in fraud case in UAE

 Two Indian men and a woman have been sentenced to 517 years each in jail by a Dubai court for swindling thousands of people in a multi-million-dollar fraud case, the UAE media reported. Sydney......

FX derivatives mkt in a fix before new RBI rules

 Exchange-traded currency derivatives volumes are likely to drop in view of new Reserve Bank of India (RBI) rules, casting a cloud over further participation of retail investors and proprietary......

Sensex, Nifty end lower; FMCG, IT stocks top drags

 Benchmark indices Sensex and Nifty pared initial gains and settled lower on Saturday due to selling in FMCG and IT shares. Photograph: Danish Siddiqui/Reuters The 30-share BSE Sensex fell by......

RBI tells IMF why it frequently intervenes in forex market

 The Reserve Bank has told the International Monetary Fund (IMF) that the objective of frequent interventions in the forex market is to curb excessive volatility, dismissing the Fund's rationale for......

RBI's foreign exchange risk move may not hit rupee for now

 Market participants do not expect any immediate impact on the rupee from the Reserve Bank of India’s (RBI’s) a “comprehensive” master direction aimed at strengthening the......

MCX primed for volume surge after tech upgrade

 After a technology upgrade, the Multi Commodity Exchange of India (MCX) appears poised for an improvement in volumes. The premier commodity and forex exchange reported a loss of Rs 19.1 crore in......

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