foreign exchange - TravelBiz Monitor: India travel news, travel trends, tourism

EaseMyTrip aims to foray into forex biz; will apply for Full-Fledged Money Changer License from RBI

By TBM Staff - Mumbai Monday, 2 May 2022, 1:30 PM 993

EaseMyTrip aims to launch a currency exchange service, and for this will apply for a Full-Fledged Money Changer License (FFMC) from the Reserve Bank of India (RBI). It will enable customers to easily convert their currencies to local tenders. Acquiring this license will enable EaseMyTrip to offer to extend its portfolio and offer one of […]Continue Reading

India’s forex reserves record sharpest ever weekly fall of USD 11.17bn

By TBM Staff - Mumbai Monday, 11 April 2022, 12:15 PM 911

India’s foreign exchange reserves fell by USD 11.17 billion for the week ending April 1 – the sharpest ever weekly drop – to settle at USD 606.475 billion, PTI reported Saturday citing Reserve Bank of India data. The fall has been attributed to pressure on the Indian rupee as a result of the conflict in […]Continue Reading

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Thomas Cook India unveils Study Buddy Program to tap student travel segment

By TBM Staff - Mumbai Monday, 5 July 2021, 7:10 PM 1183

Thomas Cook (India) Limited has announced its Study Buddy Program – with special offers on all student remittances made until September 30, 2021. The offers are available across the company’s omnichannel touch points – over 1,100 retail outlets (both owned and FX Mate B2B partner outlets), toll free contact centre and portal www.thomascook.in. With Indian […]Continue Reading