Rupee may hold steady on risk aversion in markets, gains in regional peers; USDINR to trade with positive bias

The Indian Rupee is expected to trade steady on Thursday amid risk aversion in global markets and expectations of recovery in US Dollar. The domestic currency may track gains in regional peers as China’s stimulus plan bolsters the outlook for Asian economies. Read More …

Sebi comes out with risk management framework for electronic gold receipts

Capital markets regulator Sebi on Monday put in place an elaborate risk management framework for electronic gold receipts. The watchdog has issued a circular pertaining to Electronic Gold Receipts (EGRs) that covers various aspects, including margin collection, provision of early pay-in of funds for EGR, short-collection Read More …

Financial fraud involving fraudsters posing as custom officials on the rise

Recently, the customs department has received many complaints about where people have been duped of their money in their officers’ name. The fraudsters have been cheating the general public through social media platforms, impersonating customs officials and promising them to send parcels of various Read More …