forex - TravelBiz Monitor: India travel news, travel trends, tourism

Indians spent nearly USD 10bn on foreign travel during April-December: RBI

By TBM Staff - Mumbai Tuesday, 21 February 2023, 12:45 PM 99

Indians spent around USD 10 billion on overseas travel between April and December, a report by Mayur Shetty in the Times of India (TOI) said, citing data from the Reserve Bank of India (RBI). It is the highest ever such figure, even more than the spending in any financial year. Before this, the highest spend […]Continue Reading

FAITH proposes ‘PM – HINES’ market based Incentive scheme for industry

By TBM Staff - Mumbai Friday, 16 September 2022, 4:30 PM 631

FAITH, the policy federation of all the 10 national associations representing the tourism, travel and hospitality industry of has proposed ‘PM – HINES’ or ‘Prime Minister – Holiday in India Export Support’ for the upcoming foreign trade policy to fast track tourism, travel and hospitality exports from India. PM – HINES is a combination of […]Continue Reading

OTAs Top Stories

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 991

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 909

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

Indians spent nearly USD 10bn on foreign travel during April-December: RBI

FAITH proposes ‘PM – HINES’ market based Incentive scheme for industry

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

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

Archives

Categories

NEWSLETTER

Trending Now

Archives

Categories

NEWSLETTER