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Forex – Import-export payments, Poor exchange rates & Others

What are the cut off time to book exchange rate with my bank?

What are the cut off time to book exchange rate with my bank?

What are the interaction or communication channels through which we could book exchange rate with bank?

What are the interaction or communication channels through which we could book exchange rate with bank?

What are the main tips to get good exchange rate from bank?

What are the main tips to get good exchange rate from bank?

Is there a difference in the way bank computes exchange rate for export and import remittance?

Is there a difference in the way bank computes exchange rate for export and import remittance?

I am convinced that bank had wrongly charged me. Can I do something about it?

I am convinced that bank had wrongly charged me. Can I do something about it?

I am an exporter and have old relationships with most of the clients. One of my client has verbally confirmed an exporter order and he would issue Purchase order (PO) in coming days. Can I hedge currency risk on this order without having PO in hand?

I am an exporter and have old relationships with most of the clients. One of my client has verbally confirmed an exporter order and he would issue Purchase order (PO) in coming days. Can I hedge currency risk on this order without having PO in hand?

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Recent FAQs

  • Is it correct to say that foreign banks offer foreign currency loan at a low interest rate?
  • Is it correct to say that foreign banks give good exchange rate compared to Indian banks?
  • What are the important tips to manage banking and keep costs low?
  • I have got a very good offer from a new bank. The exiting bank has renewed the credit facilities only few months back. Do I have to wait till next rental to start discussion with exiting bank for them to match offer received from another bank?
  • Does method of computing DP (drawing power) differs from bank to bank?
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