![]() ![]() ![]() The central banks in 2021 reviewed the foreign exchange system to rationalise and streamline it, but that may remain incomplete unless the Foreign Exchange Dealers Association of India also doing its part in reviewing its guidelines, RBI deputy governor Rajeshwar Rao said. High forex transaction charges for smaller customers worrisome: RBI deputy governor Rajeshwar Rao Mar 9, 2023, 11:50PM IST. ![]() The reserves stood at $560.94 billion in the week to Feb. The reserves increased by $1.46 billion at the end of last week after falling by a total of $15.8 billion in the previous four weeks, the data showed. India's forex reserves increase, snapping four-week losing streak Mar 10, 2023, 05:33PM IST.With this sharp rise in TCS, foreign trips are likely to become costlier soon. Budget 2023 has hiked the TCS rate for foreign remittances under the LRS from 5% to 20% (except for education and medical purposes). If you are buying a foreign tour package from a travel agent, you have to pay a tax collection at source (TCS) of 20% from July 1, 2023. You have to pay more for foreign tour packages from July 1, 2023: How to book smartly to save better Mar 14, 2023, 01:12PM IST. ![]()
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