Savings on stamp duty draw HFTs to GIFT City

Although most high-frequency traders (HFTs) prefer to set up shop close to stock exchanges to enjoy better latency, a few are  willing to sacrifice proximity to save a few bucks. Photograph:......

RBI to take steps to check volatility in forex market

Amid the rupee touching nearly 9-month low against the US dollar, Reserve Bank of India said on Friday it would continue to take steps to check excessive volatility in the currency market."Reserve......

Clearing Corp set to offer free platform for forex

The Clearing Corporation of India is planning to offer member banks its home-grown forex dealing system FX Clear for free. This will give providers of dealing systems a run for their money.The......

India on cusp of major changes in capital account convertibility: RBI

Hinting at further relaxation in the capital account convertibility norms, RBI Deputy Governor T Rabi Sankar on Thursday said the country is on the cusp of some fundamental shifts with regard to......

All payments during IPL in SA in 2009 were legitimate: BCCI

The Board of Control for Cricket in India on Saturday refuted allegations that it violated India's foreign exchange regulations while conducting the second edition of the Indian Premier League in......