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Article: INDIA'S RELIANCE MONEY EYES FOUR-FOLD SURGE IN CURRENCY EXPORT.
- Article from:
- AsiaPulse News
- Article date:
- August 8, 2008
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KOLKATA, Aug 8 Asia Pulse - Anil Ambani group's Reliance Money is eyeing to "export" currencies worth about Rs 100 billion (US$2.382 billion) in the current fiscal a four-fold jump from previous year's figure as part of its money changing and transfer business.
Reliance Money, the brokerage and financial products distribution unit of ADAG's financial services arm Reliance Capital (BSE:500111), is looking for a significant growth in its money changing and transfer business, the company CEO Sudip Bandyopadhyay told reporters here.
He said the company exported currencies worth Rs 25 billion in the last fiscal and is targeting Rs 100 billion in the current ...