The Exim Bank has started the new year on a high note raising $1 billion through a dollar-bond sale to international investors, offering just 2.25 per cent for the ten-year money, setting a new low in pricing. The Exim Bank, with a substantially dollarised balance sheet, is one of the largest domestic issuers of long-term Read More…
Tag: import
India’s Imports Exports declined in November 2020 also
India’s exports fell 9% in Nov, in second straight month of decline Exports shipments from india in November 2020 stood at $23.43 billion, against $25.77 billion in the same month a year earlier India’s exports reduced by 9.07 per cent in November, in a second straight month of decline. In October, the Read More…
FinCEN leaks exposes money laundering of $2tn transactions by International banks
FinCEN is the US Financial Crimes Investigation Network. These are the people at the US Treasury who combat financial crime. Concerns about transactions made in US dollars need to be sent to FinCEN, even if they took place outside the US. Suspicious activity reports, or SARs, are an example of how those concerns are Read More…
India’s Exports Imports fall continuously
Exports shrank by 10.2 per cent in July, slightly lower than June’s 12.4 per cent, as trading actvity by major forex earners such as petroleum, gems, electronics and textiles remained subdued. Outbound trade stood at $23.64 billion, completing five straight months of contraction. This was, however, a much lower rate than the massive Read More…