[ad_1] pressure on Rupee Further premiums are expected to come down shortly after the Reserve Bank of India is expected to rise from its decadal lows (reserve Bank of India) this week signaled its intention to minimize future intervention in the currency-derivative market by easing instrument-level restrictions to encourage potential. Dollar inflow. The local unit advanced against the US dollar on Thursday. “The forward premium is set to increase as banks will swap their deposits received from NRIs through sell-buy futures contracts,” Executive Vice President Bhaskar Panda said. , “Indeed,…
Tag: ease
Fintech startup IOUX seeks to raise USD 10 million; promote ease of doing business
[ad_1] Fintech startup IOUX, which specializes in providing a holistic solution for executing legal and financial agreements to promote ease of doing business, is looking to further strengthen its presence in the sector with an investment of USD 10 million in a few months. (about Rs 77 crore) is planning to raise. Its co-founder Vineet K Sachdev said. He also added that the company is introducing a blockchain system on the IOUX platform to help MSMEs establish their performance and creditworthiness to receive funds from financial institutions at easy and…