RBI Cleared Bank Transactions

Below are few proofs of the income credited to the panelists of SAOL after the media raised questions on SAOL.

Post 11th May, there were lot of questions circulating in everyone's mind about the RBI clearance. Let me ask one question, do you think that any internet money transaction in or out of the country is possible without following RBI guidelines? Whenever you do inter-bank transaction, it goes through RBI.

RBI raises rates in off-cycle move

(Reuters) - The Reserve Bank of India (RBI) raised interest rates almost a month earlier than expected on Friday, and analysts said it would likely follow up the quarter point hike with another move on July 27, given concerns about inflation above 10 percent.

Hedging Can Address Worries Of Rupee Volatility: RBI

MUMBAI: Investors need not worry about the immediate volatility in the exchange value of rupee vis-a-vis US dollar in the wake of China allowing yuan to appreciate against the American currency, RBI Deputy Governor Subir Gokarn said today. He based his optimism on hedging tools available. "In a scenario where the hedging opportunity is available and relatively accessible, I do not think we should worry on the short-term impact of volatility," he said. "Volatility per se is not the issue. The issue is per se whether investors have the means to hedge themselves against it," he said adding that the RBI has allowed currency futures for investors to hedge against risks.

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