Indian Forex Rates Knowledge Base
Indian forex rates? Which are the best websites for getting updated information on Indian forex rates?
Really confused about Wire/Telegraphic Money Transfer - where does the real exchange takes place? I'm trying to transfer a considerable Singapore Dollar amount from Singapore to India ( into Indian Ruppee ) - however both the banks state that the exchange will take place at their end. I have no clarity so as to whose forex rates will be applied. The source bank is giving a very low TT buying rate for INR whereas the Indian (target) bank is somewhat decent. Please can someone shed some light?
Live Rupee Price (as traded Vs. Dollar and Euro), which site provides it? Forex rate has great impact on prices at which Commodities are traded. What is the relation between change in USD/INR and change in Euro/INR to change in the commodity exchange prices? Which website provides live price charts of Indian Rupee? Yahoo finance does it, but the prices are not live. Live USD/INR prices are shown in CNBC TV 18 and CNBC Awaaz TV Channels.
Is there any method wherein online data available can be linked to excel sheet for calculations? we are in forex field. the rates keep changing from min to min. but we operate from india and we require to know the indian value as and when the changes takes place. for instanace INDIAN RS is 45.96 the cross currency of USD VS GBP IS 1.823. THEN indian rupee value of GBP IS 45.96 X 1.823 = 83.785. AS THE VALUE OF GBP CHANGES, WE REQUIRE TO CALCULATE THE INR VALUE. THE WEB HTTP IS ONLINE WITH CHANGES EVERY SECOND OR SO. IS THERE ANY METHOD TO DO THIS. APPRECIATE YOUR HELP.REGARDS
Wht are the regulations and kind of bank acc. to get salary paid from Australia while wrkng at home in India.? The company I work for is a small business based in Australia. I get paid every fortnight (apprx. 750 AUD). I am an Indian citizen and permanent resident of India. Till now my payments came thru Western Union. But now I want to have a proper bank account to which my salary money is remitted to every fortnight. I need to know how do I go about doing so. I do not have a PAN number too. Would a saving acc. with some bank like HDFC or SBI suffice, their BSB number can be used to make international transfer? How expensive would this(fortnightly transfer) cost me? What are the forex regulations involved? What are the upper limits for such remittences? Do I require a PAN number for such payments? Is the forex rate used by banks a floating rate? I would be grateful beyond words if anyone could help me regarding this! Thanks Wonder Angel
If India is country of slums, where should it be placed according to Happy Countries Index? USA, UK and Canada also have large slums. Check this list of Happy Planet Index: India 53.0 United Kingdom43.3 Canada39.4 United States30.7 http://www.answers.com/topic/happy-planet-index http://www.happyplanetindex.org/ The Indian rupee has been among the most stable currencies against the US dollar compared to its Asian peers. Relatively low dependence on the US, and a lesser impact of rising global crude prices along with exchange rate controls, have prevented the Indian rupee from appreciating as much against the dollar as many other Asian currencies, said forex analysts. http://www.financialexpress.com/old/fe_archive_full_story.php?content_id=74800 The fifth and the sixth currency systems — managed float and full float — each account for 22 per cent of the world's currencies. Currencies in managed float are more stable than those in full float. The Indian rupee is the world's most famous managed float currency. The US dollar and the British pound are in full float. Currency stability is an issue that these floating systems have to reckon with. Their central banks are not charged with the responsibility of setting the strength. The currency markets set the strength. http://www.thehindubusinessline.com/bline/2007/02/24/stories/2007022400050800.htm Get ready for the Indian rupee - Forex - Futures Magazine http://www.futuresmag.com/Issues/2006/5/Pages/Get-ready-for-the-Indian-rupee.aspx
How does India, the country of slums, compare with other countries in terms of happy living? USA, UK and Canada also have large slums. Check this list of Happy Planet Index: India 53.0 United Kingdom 43.3 Canada 39.4 United States 30.7 http://www.answers.com/topic/happy-planet-index http://www.happyplanetindex.org/ Get ready for the Indian rupee - Forex - Futures Magazine http://www.futuresmag.com/Issues/2006/5/Pages/Get-ready-for-the-Indian-rupee.aspx Gross Domestic Product of India is 4th in the world. http://www.airninja.com/worldfacts/GDPOfNations.htm Divorce rate in India is lowest in the world. http://www.divorcemag.com/statistics/statsWorld.shtml http://www.indidivorce.com/divorce-rate-in-india.html http://www.allvoices.com/contributed-news/3308341-uae-has-the-highest-divorce-rate-in-the-arab-world http://lifestyle.iloveindia.com/lounge/divorce-in-india-251.html Varanasi - Oldest continually inhabited city in the world http://realtravel.com/e-165275-varanasi_entry-oldest_continually_inhabited_city_in_the_world The world's first university was established in Takshila in 700 BC. More than 10,500 students from all over the world studied more than 60 subjects. The University of Nalanda built in the 4th century was one of the greatest achievements of ancient India in the field of education. http://india.gov.in/myindia/facts.php
Confusion about BP = basis points usage? In FOREX we use 1/10000= 1 basis point; whereas in economic parlance of Indian economy one interprets 100basis points=1% (of interest rate), ie,a reduction of 150 basis points in repo-rate equals 1.5% cut in interest rate terms.Is there equivalence or a mismatch in usage?
I have remitted substantial amounts to my NRE and NRO accounts from my overseas income.I do not have any docum? I have remitted substantial amounts to my NRE and NRO accounts from my overseas income.I do not have any documentation for this income earned this African country.This is part of my suppliers commissions and sales comissions for the business i am working for here.Am I answerable to indian tax authorities regarding this income and source.I am a NRI for the past 15yrs.My CA tells me that considering the volume of my deposits, for the sake of harassement they can start asking questions and documentation for this income since i am reclaiming the exta TDS on my interest earned from NRO deposits.( NRO deposits have been placed from NRE funds to take advantage of higher interest rates.)..I have the foreign inward remitance certificates issued by the indian banks which shows the remitting person ( who i do not know as I have paid my local funds to a local african business man and asked for the forex money to be remitted to my accounts)..PLS NOTE NO LAWS BROKEN IN INDIA ALTHOUGH NO TAX PAID IN COUNTRY OF EARNING ..MONEY RECEIVED OFFICIALLY TO NRI ACCOUNTS FROM 3RD COUNTRIES FOR PAYMENTS ACCRUED IN THE AFRICAN COUNTRY)