India's forex reserves rise by $2.69 billions

India's foreign exchange (Forex) reserves rose by $2.69 billion to $286.26 billion for the week ended Nov 22, helped by a sharp increase in foreign currency assets, Reserve Bank of India (RBI) data showed.

Forex reserves had increased by $1.45 billion to $283.57 billion for the week ended Nov 15.

Foreign currency assets, the biggest component of the forex reserves, rose by $2.76 billion to $258.66 billion during the week under review, according to the RBI's weekly statistical supplement.

The FCA had increased by $1.46 billion to $255.90 billion during the week ended Nov 15.

Pakistan’s Forex Reserves Fall to 9.077 Billions

KARACHI: Pakistan's foreign exchange reserves dropped to $9.077 billion in the week ending November 8 compared to $9.509 billion in the previous week, the central bank said.

Remittances from Pakistanis abroad rose 6.27 per cent to $5.27 billion in July-Oct, the first four months of the 2013/14 fiscal year, from $4.96 billion in the same period last year.

The fiscal year runs from July to June.

Forex Brokers in India

While trying to search for keyword "Top Forex Brokers in India" we find these four top Forex brokers in India who also provide online forum for there clients.

The list is available below...

1- NordFX

NordFx is an international brokerage house providing individuals and corporations with a complete set of trading services in the international foreign exchange market.

NordFX is authorized by the Financial Services Commission of Mauritius to manage, under a mandate, portfolios of securities and give advice on securities transactions. NordFX is also authorized by the Ministry of Industry and Commerce of Panama to conduct activities of a currency exchange merchant and brokerage, asset management, financial advisory and other associated activities.

NordFX always keeps abreast of modern technology, regularly expands its range of trading currencies and financial instruments and uses up-to-date software. Currently we offer the most popular programs for Internet trading at option - Integral NFX Trades, CQG, MetaTrader 5, MetaTrader 4 and MetaTrader Mobile - to help our clients with access to their personal accounts and quotes from anywhere in the world. Along with advanced information technologies and qualitative software, we provide our clients with high-level brokerage services.

2- Caya

Caya  is a leading provider of online Foreign Exchange trading services. We offer individual traders, fund managers and institutional customer’s proprietary technology and tools to trade currency online. Caya’s state of the art platform, Caya Web Trader is a high-powered platforms that allow the company to service clients worldwide. Caya provides its traders with direct online access to the foreign exchange market via a downloadable platform, a web browser, mobile PDA or phone trading.

Caya has distinguished itself as an industry leader with its unique proprietary trading tools and services, and focus on customer care. We offer tight spreads, excellent liquidity, excellent customer service, technological innovation and access to a world class research department. Caya also offers free practice accounts with live exchange rates, superior leveraging and a robust technical analysis tools. Our internet security is second to none. We use a powerful 128 bit SSL encryption which allows our clients the comfort to trade in an extremely secure environment.

3- Forex4you

Forex4you. The increased interest of individuals in earning money with small amounts of initial capital has fostered the opening of E-Global Trade & Finance Group, Inc. The company is registered in the British Virgin Islands under the number 1384287, in accordance with the Companies Act (Art. 285) and the International Business Companies Act (Art. 291). E-Global Trade & Finance Group, Inc. provides brokerage services on the Internet using electronic payment systems. Taking into consideration the psychological aspects of trade, our company provides the opportunity to acquire money-earning skills in foreign exchange market. The "Forex Training" service offers accounts in US cents. For instance, a cent account (fx4u-cent) of 2,000 equals 20 USD, is a reasonable amount for basic training. Any client can use a real account for training at minimal financial risk, which makes this service advantageous for beginners. Experienced clients may open a fx4u-mini, fx4u-micro or a fx4u-standard account operating with US dollars as a deposit currency. Our team consists of experienced professionals in finance, IT and management who cooperate together to build a sustainable success of the company. Our mission is to provide transparent, top level service to our customers

4- YouTradeFx

YouTradeFx has made online forex trading hassle-free with the most advanced trading technology and services. As a forex trader, you can enjoy our trading conditions which are the best in the industry. Each forex strategy devised by our team of experts focuses on your profit goals always. We ensure optimal information technology security for our clients as well. Both new and experienced traders can make use of our forex forum to discuss various forex trading issues openly.

YouTradeFX is an internet brokerage and investment firm. Through our company’s website and trading platform, traders can invest in CFD’s (certificates for difference) on stock, commodities, indices and the foreign exchange market. We are dedicated to building long-term relationships with our clients based on trust, performance and our corporate values: delivering the optimal trading environment, unparalleled in quality and function, and supplying every client the highest levels of service at all times.

YoutradeFX offers its clients an extraordinary variety of trading platforms. From web-based Social Trading platforms to the award-winning MetaTrader4 platform our top priority is to ensure ease of use and state of the art technology for all investment types.

Our trading platforms also include a Mobile platform for iPhones, Automated trading, Mirror Trader, Autochartist and Guardian Angel which has an automated guidance system which provides you with vital and useful feedback about your trading habits.

India's forex reserves down $1.65 billion to $281 billion

MUMBAI: India's foreign exchange (forex) reserves declined by $1.65 billion to touch $281.29 billion for the week ended Nov 1, official data showed.

The forex reserves had risen by $1.82 billion to touch $282.95 billion for the week ended Oct 25. 

According to the Reserve Bank of India (RBI) Weekly Statistical Supplement, India's foreign currency assets (FCA), the biggest component of the forex reserves, decreased by $894.2 million to $253.60 billion for the week under review. 

RBI said the FCA expressed in US dollar terms included the effect of appreciation or depreciation of non-US currencies held in reserve such as the pound sterling, euro and yen. 

The FCA had rised by $1.80 billion to $254.50 billion for the week ended Oct 25. 

The value of India's gold reserves were down by 538.1 million at $21.22 billion. The reserves value had remained stagnant at $21.76 billion since the week ended Oct 11. 

However, India's reserve position with the International Monetary Fund (IMF) declined by $177.9 million to $2.03 billion and the value of the special drawing rights (SDRs) lost $46.9 million to $4.42 billion. 

For the week ended Oct 25, the country's reserve with IMF had risen by $6.9 million to $2.21 billion and the value of the SDRs gained by $13.7 million to $4.46 billion.

Top 10 Forex Brokers In Pakistan

Forex market in Pakistan making its space very fast in last few years. With the change of governament recently Pakistani Stocks Market performing very good job.

Here i am going to shear some information related to Top 10 Forex Brokers in Pakistan.

Top 10 Forex Brokers in Pakistan

GLAXY EXCHANGE (PVT.) LTD

As leading providers of commercial foreign exchange Glaxy Exchange (Pvt.) Ltd is dedicated to providing a first class and comprehensive service to individuals and companies all over Pakistan. Here are some of the advantages of using G.E.P.L

Secure the most competitive exchange rate in the market. Save hundreds Pak Rupees compared with high street bank rates. Fix the rate immediately over the telephone. This rate is guaranteed regardless of fluctuations in the market. (Same Day Only) Very nominal arrangement fees.

H & H Exchange Co. (Pvt) Ltd.     

H &  H - Pakistan's first Exchange Company. Granted license by the State Bank of Pakistan to carry out foreign exchange business.

We also deal in cash currencies, foreign remittances as well as demand drafts. H & H Exchange Co. started its operations in February 2003 and has earned an enviable trusted reputation through effective service, best rates and sound financial backup.

Dollar East Exchange Company

Dollar East Exchange Company (Pvt.) Limited is a leading exchange company in Pakistan. The company is one of the pioneers to start currency exchange business in the country. It was amongst the first companies to receive the license of money changer from State Bank when this business was regularized in 1992. When State Bank established exchange companies in Pakistan in 2002, Dollar East was the second exchange company to be awarded permission. It received exchange company License on 2nd May 2003 and commenced its operation on 7th July 2003. 

Under the exchange company license, Dollar East is authorized to deal in the business of currency exchange, travellers' cheques, notes, postal notes, money order, bank drafts and inward/outward remittances in a regulated environment. The company is authorised to set up its own branches or grant franchise arrangements for full range of services. The Company is also allowed to establish its own or franchised payment booths for inward remittances all over Pakistan. 

The company currently operates a network of 18 branches which are strategically located in all high potential areas. The company has aggressive plans to expand its branch network to other areas of Pakistan. The company also operates 3 payment booths in Rawalpindi, Mandi Bahauddin and Sahiwal and is also in the process of setting up franchised network of currency exchange booths and payment booths network in both rural and urban areas of Pakistan. 

Dollar East is a customer focused company and has always offered and maintained products, services and policies aimed at best satisfying the customer needs. The infrastructure, systems and procedures are regularly reviewed and improved to ensure the customers are provided with speedy, convenient and secure delivery of service. 

The Company is a good corporate citizen. It always operates within the provision of the national and international law. It is working closely with the regulatory authorities to promote the awareness and implementation of all regulatory requirements. It is fully aware and responsive to its role & responsibilities in the international anti-money laundering drive.

Emirates Global Islamic Bank Limited (EGIBL) 

AA EXCHANGE COMPANY (PVT) LTD 

AAKRA MONEY EXCHANGE 

Bank of Punjab 

Big Board Advisory Service

Capital Exchange Co. Ltd

CHASE EXCHANGE COMPANY-B (PVT) LTD.