#dollar vs inr

[cost-masters]

USD vs INR Outlook for CY-2023

Learn about the USD vs INR outlook for 2023 in this analysis. Get expert insights and forecasts to understand the currency trends.

[nisshant]

The USA vs. Canada: Master's Degree Fees Face-Off 

With overseas education budgets tightening, aspirants must evaluate value beyond big brand names alone. How do fees compare for reputed Master’s options in USA and Canada — two mature study abroad destinations?

Flagship American institutions like UCLA, Georgia Tech, UT Austin etc cost around $55,000 (~INR 40 lakhs) for premium STEM Master’s requiring 2 years full-time study on average. Subjects like business or economics exceed $65,000 at places like Michigan or Indiana.

Top Canadian colleges like University of Toronto, UBC or McGill charge $30,000 (~INR 22 lakhs) for analogous 1-year tech/engineering programs on average while MBA fees are comparably lesser too averaging under $60,000 overall still.

Dollar parity and lower Canadian living costs thanks to public healthcare prove added advantages preventing fee sticker shocks further. Educational loan eligibility also favors Canada currently.

Therefore those open exploring alternate Anglophone destinations beyond classic American fixation should evaluate Canada for finding reputed Master’s options across subjects that are 25–30% more affordable by prudent financial planning.

Savings channelized into further professional growth post-study proves useful in long run too!

-Amey Patil

[india7d]

Indian Currency Market: An Overview of Forex Trading

Indian Currency Market: An Overview of Forex Trading The Indian currency market, also known as the foreign exchange market or forex market, is a dynamic and decentralized marketplace where currencies are bought, sold, exchanged, and speculated upon. Forex trading has gained significant popularity in India in recent years, attracting both retail and institutional investors seeking opportunities for profit in the global currency market. In this article, we will delve into the Indian currency market, its functions, participants, regulations, and the opportunities and risks associated with forex trading. Understanding the Indian Currency Market The Indian currency market operates as part of the global forex market, which is the largest financial market in the world. It involves the exchange of currencies between different participants, including banks, financial institutions, corporations, governments, and individual traders. The primary objective of the currency market is to facilitate international trade and investment by enabling the conversion of one currency into another. Key Participants in the Indian Currency Market: - Banks: Commercial banks play a pivotal role in the forex market as they provide liquidity, offer currency exchange services to their customers, and engage in speculative trading to manage their own currency exposures. - Central Banks: The Reserve Bank of India (RBI) is the central bank of India and is responsible for regulating the Indian currency market. Central banks also intervene in the forex market to stabilize the exchange rate and ensure financial stability. - Financial Institutions: Non-banking financial institutions, such as hedge funds, mutual funds, and insurance companies, actively participate in forex trading to diversify their portfolios and generate returns. - Corporations: Multinational corporations engage in forex trading to manage foreign exchange risks arising from international business operations and cross-border transactions. - Individual Traders: With the advent of online trading platforms, individual retail traders can now access the currency market and speculate on currency price movements. Currency Pairs Traded in the Indian Forex Market In the forex market, currencies are quoted and traded in pairs. Each currency pair represents the exchange rate between the two currencies involved. The major currency pairs, also known as "majors," include: - USD/INR: United States Dollar vs. Indian Rupee - EUR/INR: Euro vs. Indian Rupee - GBP/INR: British Pound Sterling vs. Indian Rupee - JPY/INR: Japanese Yen vs. Indian Rupee In addition to these major pairs, there are also cross-currency pairs, which exclude the US Dollar. For example, EUR/GBP represents the Euro against the British Pound Sterling. Forex Trading Mechanism in India Forex trading in India is conducted through a combination of spot market transactions and derivatives contracts. The spot market involves the immediate exchange of currencies at the prevailing market rate. On the other hand, currency derivatives, such as currency futures and currency options, are traded on recognized stock exchanges like the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE). - Currency Futures: Currency futures are standardized contracts that obligate the buyer to purchase or the seller to sell a specific currency at a predetermined price on a future date. These contracts are used to hedge against currency risks and speculate on currency price movements. - Currency Options: Currency options provide the buyer with the right, but not the obligation, to buy or sell a specific currency at a predetermined price within a specified period. Options are commonly used for risk management and hedging purposes. Regulatory Framework for Forex Trading in India The forex market in India is regulated by the Reserve Bank of India (RBI) under the Foreign Exchange Management Act (FEMA). The RBI sets the rules and guidelines governing foreign exchange transactions to ensure financial stability, prevent money laundering, and safeguard the interests of investors and consumers. Individuals and entities involved in forex trading are required to adhere to the regulations issued by the RBI and other regulatory authorities. Opportunities in Indian Forex Trading - Speculative Trading: Forex trading offers an opportunity for investors to speculate on currency price movements and potentially generate profits from short-term price fluctuations. - Diversification: Including forex trading in an investment portfolio allows for diversification across different asset classes and regions, potentially reducing overall portfolio risk. - International Business Transactions: Companies engaged in international trade and businesses with foreign operations can use forex trading to manage currency risk arising from cross-border transactions. - Arbitrage: Forex trading enables traders to take advantage of price discrepancies between different currency pairs or markets, thereby earning risk-free profits. - Hedging: Importers and exporters can use forex derivatives to hedge against currency risk and protect themselves from adverse exchange rate movements. Risks and Considerations While forex trading presents various opportunities, it also carries certain risks that investors should be aware of: - Volatility: The forex market is highly volatile, and currency prices can fluctuate rapidly in response to geopolitical events, economic data releases, and other market-moving factors. - Leverage: Forex trading often involves the use of leverage, which amplifies both potential gains and losses. High leverage can lead to significant losses if not managed prudently. - Lack of Regulation: Some offshore forex brokers may not be subject to the same level of regulation as those operating within India. Investors should exercise caution and choose regulated brokers to protect their interests. - Geopolitical Risks: Political instability and geopolitical tensions can lead to sudden and unpredictable currency movements, affecting forex trading positions. - Technical and Fundamental Analysis: Successful forex trading requires a sound understanding of technical and fundamental analysis to make informed trading decisions. Conclusion The Indian currency market, with its diverse participants and dynamic nature, offers a plethora of opportunities for investors and traders. Forex trading enables individuals and institutions to participate in the global currency market and potentially benefit from currency price movements. However, investors should approach forex trading with caution, recognizing the inherent risks and complexity involved. Adequate research, risk management strategies, and adherence to regulatory guidelines are essential for successful and responsible participation in the Indian forex market. As with any form of trading or investing, seeking advice from financial experts can help individuals make informed decisions and maximize the benefits of forex trading within the framework of their financial goals and risk tolerance. Read the full article

[digitalbankingindia]

NRE vs FCNR Deposit: Which Is Better?

Fixed Deposits are a secure investment option in India, providing assured returns to investors. This safety makes an FD a preferred and popular choice among individuals who want to grow their money in the long run but have a low-risk appetite. However, FDs are not limited to resident Indians only. Non-resident Indians, too, can choose from various NRI FDs.

These include the Non-Resident External or NRE Deposit, Non-Resident Ordinary or NRO Deposit, and Foreign Currency Non-Resident or FCNR Deposit. NRE and FCNR FDs enable NRIs to save and invest their foreign earnings. However, they are different from each other and serve varied purposes. So, if you have a tough time choosing and are clueless about the differences, the following pointers should help:

What is an NRE FD?

An NRE FD lets NRIs invest and grow their foreign earnings in India. The deposits made in this account in foreign currency are automatically converted into Indian Rupee or INR at the prevailing exchange rates. The investment is maintained in INR during the entire duration and earns interest at competitive NRE FD rates. Some essential features of this FD include the following:

The principal sum and the interest earned on NRE FDs are tax-free in India.

NRIs can freely and fully repatriate the interest and principal amount to their country of residence overseas.

Since the investment is in INR, it is open to risks associated with fluctuating forex rates.

You can open an NRE FD independently or hold it jointly with one or more NRIS. You can also assign a nominee to your NRE FD.

You can choose from flexible tenures lasting from one to 10 years when opening an NRE FD.

What is an FCNR FD?

An FCNR Deposit allows NRIs to invest their overseas earnings in permitted foreign currencies and earn interest during the term of the deposit. Since you can invest in this type of Fixed Deposit in a foreign currency, you do not run the risk of exchange rate fluctuations. Some essential features of this deposit include:

Most banks enable you to make deposits in popular foreign currencies like the US Dollar, Singapore Dollar, Great Britain Pound, etc.

You can choose from tenures ranging from one to five years.

Typically, the deposit amount has no minimum or maximum limits.

The principal sum and interest earned are fully and freely repatriable in an FCNR Account.

The interest earned on an FCNR Account is exempt from Income Tax in India

Which should you choose?

Opening an NRE FD is better for those investors who wish to invest their foreign earnings in India in hopes of using it to manage their expenses in India. An FCNR Deposit Account is a better investment decision when NRIs want to address investment-related issues and expenses outside India.

[pruchika99-blog]

Difference between Indian Stock Investing and US Stock Investing

Given the multinational corporations listed on its stock markets, you as an Indian investor must have considered investing in the US stock market. Who wouldn't want to gain international exposure and join one of the MNCs with the fastest growth rates in a lucrative market?

However, exposing your portfolio to the US stock market raises a number of concerns, such as: Is it secure to buy US stocks? How different is disinvesting in Indian markets from investing in US stocks? What variables affect investment choices in the US market? Can an Indian invest a certain amount in US stocks? Can Indian investors buy equities in the US? It is crucial that you conduct research in order to respond to these inquiries.

Factors that assist you to distinguish between investing in Indian and US stocks

Market volatility

Volatility refers to the swings in the market. We know that the stock markets are subject to constant fluctuations and volatility measures how frequent and significant they are. It is calculated as the standard deviation of returns around the mean (average) of the returns. The higher the volatility, the higher the risk in the market. 

Size and valuation of the market

The US stock market is much larger in size as well as valuation. As of January 2022, the US stock market holds about a 59.9% share in the value of total world equity markets. In contrast, India has a share of only about 1.5%. If we look at it from the point of view of market capitalization, in March 2022, the Indian stock market stood among the top five stock markets with a market cap of $3.21 Trillion. However, it still lagged behind the US stock market, which topped the list at a whopping $47.32 Trillion market cap.

Currency of exchange

When you invest in the US stock market, you will be dealing in terms of US dollars (USD). This is because most of the companies listed on US exchanges are based in the United States. Similarly, when you invest in the Indian stock market, you will be using Indian rupees (INR) as the currency of exchange.

Regulation

The Securities and Exchange Board of India (SEBI) regulates the Indian stock market. Its counterpart in the US is the Securities and Exchange Commission (SEC). Both these regulators play a major role in overseeing the everyday activities in their respective stock exchanges.

SEBI was set up as a statutory body in the year 1992. Ever since then, it has been the primary body that regulates the Indian stock exchanges. Moreover, it works towards developing the stock market, providing information to all the market players, and most importantly, protecting the interests of the investors. It also has the power to investigate any matter that pertains to the stock markets in India.

Research requirement

Before investing in the shares of any company, it is very important to conduct proper research about its growth prospects, the fundamentals of its stocks, the stability of its profits, its dividend policy, and more. All this information must be freely available to the investors for them to make a rational and well-informed decision.

Top performing sectors

The top-performing sectors in the Indian stock market are different from the top-performing sectors in the US stock market. In India, the top-performing sectors are typically those that are linked to the country’s economic growth, such as infrastructure and resources. If you look at the stock market situation in 2022, there has been a fall in the market. Many top-performing sectors have faced the brunt of massive sell-offs. However, the sectors that stood their ground even during such a phase include metals, utilities, and power.

Global Exposure

A vast majority of multinational corporations are listed on the US stock exchange, including big names like Amazon, Meta, Google, and many more. These multinationals operate across the globe and are affected by the events in many different countries. This gives the US stock market a lot of global exposure.  Read More about India vs us stock investing

[squarwell-breakingnews]

Rupee logs solid gains, strengthens by Rs 2 against US dollar in last eight days

Rupee logs solid gains, strengthens by Rs 2 against US dollar in last eight days

US Dollar vs INR: Rupee has continued its strong run against US dollars in the last eight days as it recovered by over Rs 2 against the American currency. Rupee gained 62 paise to close at 80.78 against USD on November 11. The domestic currency had depreciated by 8 paise to close at 82.88 against the US dollar on November 3. The appreciation comes amid moderating US inflation data coupled with a…

[rahulmarathiblog]

२०१४ पासून रुपया तब्बल २५ % घसरला , निर्मला सीतारामन म्हणतात की यासाठी ..

२०१४ पासून रुपया तब्बल २५ % घसरला , निर्मला सीतारामन म्हणतात की यासाठी ..

गेल्या काही वर्षांपासून सातत्याने डॉलरच्या तुलनेत रुपयाची घसरण होत असून त्यामुळे देशात आयात होत असलेल्या वस्तु प्रचंड महाग झालेल्या आहेत. 2014 पासून आत्तापर्यंत रुपया सुमारे 25 टक्क्यांनी घसरला आहे अशी माहिती खुद्द केंद्रीय वित्त मंत्री निर्मला सीतारामन यांनी लोकसभेत दिलेली आहे मात्र नेहमीप्रमाणे त्यांनी सरकारची जबाबदारी झटकत रशिया युक्रेन यांच्यातील संघर्ष यासह जागतिक घटक यासाठी जबाबदार आहेत असे…

[sakshimarathiblog]

२०१४ पासून रुपया तब्बल २५ % घसरला , निर्मला सीतारामन म्हणतात की यासाठी ..

२०१४ पासून रुपया तब्बल २५ % घसरला , निर्मला सीतारामन म्हणतात की यासाठी ..

गेल्या काही वर्षांपासून सातत्याने डॉलरच्या तुलनेत रुपयाची घसरण होत असून त्यामुळे देशात आयात होत असलेल्या वस्तु प्रचंड महाग झालेल्या आहेत. 2014 पासून आत्तापर्यंत रुपया सुमारे 25 टक्क्यांनी घसरला आहे अशी माहिती खुद्द केंद्रीय वित्त मंत्री निर्मला सीतारामन यांनी लोकसभेत दिलेली आहे मात्र नेहमीप्रमाणे त्यांनी सरकारची जबाबदारी झटकत रशिया युक्रेन यांच्यातील संघर्ष यासह जागतिक घटक यासाठी जबाबदार आहेत असे…

[harishmarathiblog]

२०१४ पासून रुपया ��ब्बल २५ % घसरला , निर्मला सीतारामन म्हणतात की यासाठी ..

२०१४ पासून रुपया तब्बल २५ % घसरला , निर्मला सीतारामन म्हणतात की यासाठी ..

गेल्या काही वर्षांपासून सातत्याने डॉलरच्या तुलनेत रुपयाची घसरण होत असून त्यामुळे देशात आयात होत असलेल्या वस्तु प्रचंड महाग झालेल्या आहेत. 2014 पासून आत्तापर्यंत रुपया सुमारे 25 टक्क्यांनी घसरला आहे अशी माहिती खुद्द केंद्रीय वित्त मंत्री निर्मला सीतारामन यांनी लोकसभेत दिलेली आहे मात्र नेहमीप्रमाणे त्यांनी सरकारची जबाबदारी झटकत रशिया युक्रेन यांच्यातील संघर्ष यासह जागतिक घटक यासाठी जबाबदार आहेत असे…

[chimnayjoshiblogs]

२०१४ पासून रुपया तब्बल २५ % घसरला , निर्मला सीतारामन म्हणतात की यासाठी ..

२०१४ पासून रुपया तब्बल २५ % घसरला , निर्मला सीतारामन म्हणतात की यासाठी ..

गेल्या काही वर्षांपासून सातत्याने डॉलरच्या तुलनेत रुपयाची घसरण होत असून त्यामुळे देशात आयात होत असलेल्या वस्तु प्रचंड महाग झालेल्या आहेत. 2014 पासून आत्तापर्यंत रुपया सुमारे 25 टक्क्यांनी घसरला आहे अशी माहिती खुद्द केंद्रीय वित्त मंत्री निर्मला सीतारामन यांनी लोकसभेत दिलेली आहे मात्र नेहमीप्रमाणे त्यांनी सरकारची जबाबदारी झटकत रशिया युक्रेन यांच्यातील संघर्ष यासह जागतिक घटक यासाठी जबाबदार आहेत असे…

[rajendrasomani]

२०१४ पासून रुपया तब्बल २५ % घसरला , निर्मला सीतारामन म्हणतात की यासाठी ..

२०१४ पासून रुपया तब्बल २५ % घसरला , निर्मला सीतारामन म्हणतात की यासाठी ..

गेल्या काही वर्षांपासून सातत्याने डॉलरच्या तुलनेत रुपयाची घसरण होत असून त्यामुळे देशात आयात होत असलेल्या वस्तु प्रचंड महाग झालेल्या आहेत. 2014 पासून आत्तापर्यंत ���ुपया सुमारे 25 टक्क्यांनी घसरला आहे अशी माहिती खुद्द केंद्रीय वित्त मंत्री निर्मला सीतारामन यांनी लोकसभेत दिलेली आहे मात्र नेहमीप्रमाणे त्यांनी सरकारची जबाबदारी झटकत रशिया युक्रेन यांच्यातील संघर्ष यासह जागतिक घटक यासाठी जबाबदार आहेत असे…

[nagarchaufer]

२०१४ पासून रुपया तब्बल २५ % घसरला , निर्मला सीतारामन म्हणतात की यासाठी ..

२०१४ पासून रुपया तब्बल २५ % घसरला , निर्मला सीतारामन म्हणतात की यासाठी ..

गेल्या काही वर्षांपासून सातत्याने डॉलरच्या तुलनेत रुपयाची घसरण होत असून त्यामुळे देशात आयात होत असलेल्या वस्तु प्रचंड महाग झालेल्या आहेत. 2014 पासून आत्तापर्यंत रुपया सुमारे 25 टक्क्यांनी घसरला आहे अशी माहिती खुद्द केंद्रीय वित्त मंत्री निर्मला सीतारामन यांनी लोकसभेत दिलेली आहे मात्र नेहमीप्रमाणे त्यांनी सरकारची जबाबदारी झटकत रशिया युक्रेन यांच्यातील संघर्ष यासह जागतिक घटक यासाठी जबाबदार आहेत असे…

[usdtoinr]

Rupee Falls Against the Dollar as Crude Oil Prices Rise and Stagnation Bites Indian Domestic Economy.

Fears surrounding the economic impacts that the coronavirus epidemic may have on the markets are growing as the Chinese economy is edging towards a potential major shutdown.  Large suppliers in China are already missing deadlines with companies in the USA including Apple. This uncertainty has seen the Crude Oil futures trading at $55.27 per barrel and the prediction is that they will see another week of losses. The Indian Rupee  (INR) to US Dollar (USD) on Friday, opening at 71.18 to the Dollar, down from 71.20 as the crude oil futures rose by 0.6%.   The rising oil price was a major factor in the slight fall against the Dollar, with further falls possibly to be expected in the near to mid future. The Reserve Bank of India decided to play it safe and help to maintain the Indian domestic markets by holding the central interest rates for interbank loans (repo rate) at 5.15 %. This will keep the short term funds to commercial banks flowing with a stream of short term loans, but it’s a stop gap solution for the economy meaning further measures may have to be taken if the crude oil continues to rise. Market commentators have been pointing out for some time now that the Indian economy has been suffering through a phase of high levels of inflation as well as high levels of unemployment. The inflation is leading to higher food prices which is putting a strain on the domestic economy; reducing disposable incomes and limiting small investments. According to an IFA Global insider, the Reserve Bank of India is planning to ‘unclog credit channels’ in order to provide ‘low cost liquidity’ to the commercial banks that the high streets rely on. Nonetheless, the Rupee looks set to see further losses against the US Dollar over the coming weeks, with most Forex experts predicting that the Rupee will hover between the 70.70 and 70.20 for the fore sable future.

[digitalbhumi]

Rupee likely to appreciate today on weak dollar, lower crude prices, recovery in Asian currencies

Rupee likely to appreciate today on weak dollar, lower crude prices, recovery in Asian currencies

The Indian rupee is likely open higher on Thursday amid strong dollar, recovery in Asian currencies and lower crude oil prices. USDINR is expected to break the hurdle of 78.25 to move towards the level of 78.00, according to ICICIDirect. Investors will closely watch US initial jobless claims data as it is expected to fall from 229,000 to 227,000. The rupee declined by 27 paise to a record low…

[technodabhi]

Rupee falls 22 paise to close at 76.51 against U.S. dollar

Rupee falls 22 paise to close at 76.51 against U.S. dollar

“Surging commodity prices, hawkish central bank and geopolitical worries stalled global growth recoveries.” “Surging commodity prices, hawkish central bank and geopolitical worries stalled global growth recoveries.” The rupee fell 22 paise to close at 76.51 (provisional) against the U.S. dollar on Tuesday, tracking a strong American currency in the overseas market and significant foreign fund…

[cialisbl]

Rupee likely to depreciate on dollar strength, risk aversion in markets; USDINR pair to trade in this range

Rupee likely to depreciate on dollar strength, risk aversion in markets; USDINR pair to trade in this range

The Indian rupee it is expected to depreciate on Tuesday due to the strength of the dollar and risk aversion in global markets. Market sentiments are affected by concerns about supply chain disruption due to the Covid-19 lockdown in China, escalating geopolitical tensions in Ukraine, and major central banks around the world adopting an aggressive policy of monetary adjustment to combat inflation.…