NEWS & ADVICE : CREDIT CARDS
INR Ends The Day At 67.09 – May Be By The Involvement Of The RBI
By Ankit Sharma
Sep 5, 2013
Print    Email    RSS   

The Indian Rupee started the day at 68.10 and ended the day at 67.09. During the trade in the market, the INR was swinging in both ways. The INR reached the highest of 66.81 and in the intra-day trading, touched the lowest of 68.62, which was shocking. However, the Indian banks sold the green currency, on behalf of the Reserve Bank of India. This helped the INR to recover from the lowest rate. Further, the exporting businessmen also liquidated their cash receipts. Whenever the INR suffers heavily, the Reserve Bank of India takes care, either directly or indirectly. The External Commercial Borrowing by the RBI is also clear now. The Indian investors can invest up to 400% of the net worth of their firms.

Now, residents can remit money for education, up to 100,000 dollars. Previously, the maximum limit was 75,000 United States Dollars. Due to the above factors, the INR slightly recovered and hopefully, would stay at the same level, in coming days.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Is the economy facing a debt trap?
WorldMiles credit card - just another...
CIBIL and its role in credit risk management
Tips to reduce Auto Insurance Premium
A chronicle of excesses by loan recovery...


प्यार विवाह...
Bangalore ℂall ℊiℝls 8884081673 pankaj ℂall...
I WOULD LIKE TO SEE THE CREDIT CARD STATEMENT
what is my credit card statement
i forgot my ATM pin number i could i get it again
how to improve my CIBIL score???

NEWS THIS WEEK
91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive