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Article: Reliance Money bets big on money changing, transfer biz.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- August 7, 2008
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Reliance Money bets big on money changing, transfer biz
Kolkata, Aug 7 (PTI) Reliance Money, a part of Anil Dhirubhai Ambani Group's Reliance Capital, is eyeing the money changing and transfer business in a big way, a company official said.
CEO of Reliance Money Sudip Bandopadhyay said here today that during the current financial year, the company has targeted to export currencies worth Rs 10,000 crore against last fiscal's of Rs 2,500 crore.
He told reporters the size of the Indian export currency market was around Rs 40,000 crore to Rs 50,000 crore and was growing due to increased tourist inflows and trade activity.
Bandopadyay said ...