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Musharraf?s Prolonged Stay May Sink Pak Rupee / Economy
2008-08-18 02:34:00 Musharraf has always shown great concern for the economy of the country. Indeed economic progress was self professedly the most important objective of his military coup. He then seemed to have great dislike for his predecessors for they had been responsible, in his view, for bringing economy into ?deep trouble?. His economic objective stated in ...
11,878 - a sliding rupee
2008-07-07 22:48:00 The KSE -100 index slid further downwards today with relatively higher volumes of 13.4 million shares traded. Bank Alfalah’s volume of 4.476 million shares traded today was higher than the total volume of shares traded on Friday. The horizon looks bleaker as the rupee had an enormous slide today(2.5%) closing at 71.80 to the dollar, ...
Indian Stock Market Updates: Rupee softens as oil cos buy
2008-05-30 02:39:00 The rupee eased on Thursday after global crude prices inched up toward record highs, pushing up dollar demand from oil refiners to meet their month-e3 Vote(s)
By: INDIANTAGS
Indian Stock Market Updates: Indian Rupee Advances on Speculation Exporters
2008-05-28 08:36:00 India's rupee rose, snapping two days of losses, on speculation the nation's exporters are taking advantage of its recent decline to convert foreign-3 Vote(s)
By: INDIANTAGS
Pakistani Rupee?s Record Slide Versus US Dollar
2008-05-25 17:00:00 Owais MughalOwais MughalAccording to money central at msn, Pakistani Rupee was traded at US $68.25 today. Just around January of 2008, Rupee was quite steady at around 61 rupees to a dollar but in the past 4 months, the depreciation has been alomst 10%. That too at a time, when US dollar is also weakening as compared to other major curencies of the world. Following graph shows Rupee?s one year comparison versus the US dollar.On May 23, 2008, ONE Unit of other currencies was equal to following number of rupees:1 Australian Dollar = 65.64 Pakistani Rupees1 Bangladesh Takka = 0.99 Pakistani Rupees1 Canadian Dollar = 69.09 Pakistani Rupees1 Chinese Yuan = 9.84 Pakistani Rupees1 Euro = 107.73 Pakistani Rupees1 Indian Rupee = 1.6 Pakistani Rupees1 Iraqi Dinar = 0.06 Pakistani Rupee1 Kuwaiti Dinar = 257.58 Pakistani Rupees1 Saudi Rial = 18.23 Pakistani Rupees1 Thai Baht = 2.12 Pakistani Rupees1 UAE Dirhan = 18.61 Pakistani Rupees1 Zimbabwe Dollar = 0.002 Pakistani RupeesFollowing graph is ...
By: Light Within
Pakistani Rupee?s Record Slide Versus US Dollar
2008-05-25 15:04:00 Owais Mughal According to money central at msn, Pakistani Rupee was traded at US $68.25 today. Just around January of 2008, Rupee was quite steady at around 61 rupees to a dollar but in the past 4 months, the depreciation has been alomst 10%. That too at a time, when US dollar is also weakening as ...
Rupee on a downslide
2008-05-23 07:20:00 The spot rupee today reached a fresh 13-month, intra-day low of 43.20 against the dollar following heavy buying of the US currency by oil companies and by banks for non-deliverable forward (NDF) market arbitrage.The rupee, however, reco3 Vote(s)
By: Market Buzz
Rupee down by 12 paise against dollar
2008-05-22 16:02:00 The rupee on Thursday fell by 12 paise to 42.95/96 a US dollar, recovering somewhat from below 43 level it reached during the day, on fears that erupted after crude oil rose to a record.9 Vote(s)
By: Market Buzz
Oil knocks rupee past 43/dollar to 13-month low
2008-05-22 10:19:00 The partially convertible rupee weakened past 43 per dollar to its lowest level in 13 months in opening deals on Thursday, as record oil prices raise4 Vote(s)
By: INDIANTAGS
The million rupee question is, ?Picture ki opening kitni lagi??
2008-05-21 16:14:00 The million rupee question is, ?Picture ki opening kitni lagi?? And when Yash Raj Films’ (YRF) Tashan failed even to garner a decent opening both on domestic as well as foreign shores, people inside and outside YRF were a worried lot. Budgeted at Rs 40 crore, the movie opened with an initial of 52% in the first week, with collections dropping to 35% in the second week. The failure to reach an agreement with the multiplexes only added to the woes. It is a failure, even Director and CEO, Yash Raj Films, Sanjeev Kohli accepts. ?Tashan has been a disappointment commercially, as much was expected from it. But we believe, the audience is the best judge and we accept their verdict,?
RUPEE FALLS TO 13-MONTH LOW AGAINST DOLLAR
2008-05-21 04:56:00 The spot rupee reached a fresh 13-month low of 42.90 against the dollar following heavy purchase of the US currency by oil companies and banks but recovered to close at 42.51. The rupee-dollar exchange rate of 42.91 is the lowest since April 12, 2007. Friday's close meant that this week, the rupee dropped 2.2 per cent against the dollar, after a 2.3 per cent fall last week. In 2008, the rupee has depreciated 7.6 per cent, with only the South Korean Won and Thai Baht seeing a steeper decline among the major Asian currencies.The Indian currency has been depreciating on fears of further rise in global crude prices. The worry is that the oil price rise will result in a higher import bill and widen the trade deficit further.
Bajaj?s one lakh rupee car
2008-05-20 15:38:00 Tata?s Nano has forced many big car and auto manufacturers of world to make alternative of Nano, so that they can also successfully face the competition given to them by Tata?s Nano. Tata?s Nano has already created lot of curiosity in the mind of people even much before its official launch. Not only people in India are eagerly waiting this car, however many people in other parts of world are also eagerly waiting for the launch of Nano in their country. The main reason behind the hype created by Nano is availability of this car for just 1 Lakh rupees ($2500). Due to this reason, now many people can easily complete their dream of car in India. On the other side, this move can severely affect the sale of motorbikes and scooters in India. Therefore, big auto manufacturers of India like Bajaj are seeing entry of Nano as big threat for them. Due to this reason, top motorbike manufacturer of India, Bajaj has also decided to make their 1 lakh rupee car. This car will be jointly made by Baja...
Weak rupee to boost IT cos' topline
2008-05-18 08:01:00 BANGALORE: The topline of the country's top four software exporters —TCS, Infosys, Wipro, Satyam —could exceed projections by between 3.3% and 6.3% if the trend of depreciation in the value of the rupee against the US continues, a report by Angel Broking says.The rupee has depreciated by 6.76% against the dollar since the beginning of this fiscal. It closed at 42.54/55 on the interbank forex market on Friday.The report, authored by Harit Shah, said India's biggest IT services exporter, TCS, would top its revenue guidance for the fiscal by 3.8% at a conversion rate of Rs 41 and by 6.3% at Rs 42. Satyam's revenues are seen beating guidance by 3.6% at an exchange rate of Rs 41 and by 6.1% at Rs 42.
By: BPO Experts
Shattered Rupee
2008-05-15 04:00:00 The sharp fall in the rupee against the steadily falling dollar in the backdrop of horrendously rising oil prices, and the melting down economy with no outside investment whatsoever coupled with contorted inflation has posed grave challenges for the new government. The above worries have become even more worrisome as the new government in its fourty ...
FALLING RUPEE - RISING IT STOCKS
2008-05-14 11:38:00 Source : S.P. Tulsian The falling rupee spread a pall of gloom amongst the importers. Rupee s3 Vote(s)
By: Market Buzz
IT companies gain on rupee fall
2008-05-12 18:52:00 The rupee, which had made strong gains in excess of 10 per cent in 2007-08, started losing ground since April 30 due to increased demand for US dollars for importing crude oil at a skyrocketing price of over $126 a barrel. Analysts expect the rupee to weaken further, reviving investor confidence in the beaten down IT sector. "The outlook for the rupee is bearish for the short term. With no intervention from the RBI to limit the rupee slide, coupled with the fact that US Federal Reserve is not expected to cut rates further and spiralling crude oil prices, makes the case weak for the rupee to strengthen against the dollar at least in the short term," said Harit Shah, research analyst at Angel Broking. The rupee has lost value against the greenback by about three per cent in the last 10 days, reaching a level of 42.02/03, resulting into commensurate increase in the realisations for exporters. However, analysts believe the 'other income' co...
By: work from home
> Rupee crashes against usd/euro as oil prices rise, stocks eyed
2008-05-12 07:40:00 MUMBAI (Reuters) - The rupee softened on Monday as record high oil prices intensified concerns about a widening trade deficit and a weakening stock market raised worries that foreigners may withdraw some capital. * At 9:02 a.m. the partially convertible rupee was at 41.65/66 per dollar, compared to 41.60/61 per dollar on Friday. It lost 2.3 ...
Dollar winning the battle against the rupee
2008-05-09 15:24:00 I have been following the rupee dollar battle since I started this blog last year. It had been one sided battle through out last year. Last year was won by Rupee hands down. Rupee was valued at nearly 45 rupee at the start of last year and by December 07, it had reached the highs of nearly 38.5 against dollar. Importers were rejoicing and exporters were crying. The trend seems to have reversed since start of this year. From highs of 38.5 against dollar, the rupee has had a big slide and has touched the lows of 41.77. The rupee is hitting this level for the first time since May last year. Experts have largely blamed this slide to the sky-high global oil prices which touched a record $122 per barrel yesterday. Last year around same time when I was in US, I had filled up gas for around $1.80/1.90 per gallon whereas today the gallon prices are nearly touching four dollars.
What is the undistorted rupee-dollar rate?
2008-04-28 00:20:00 Writing in Business Standard today, Abheek Barua notices that the INR appreciation of 2007, in the e7 Vote(s)
By: Market Buzz
Future of Rupee against Dollar?
2008-04-10 09:26:00 Last year around June I had written about the dollar plunge against the Rupee. For all the Indians living in U.S, it was one of the most concerning aspect as any remittances to India were nearly 15% lower. Most of them were expecting Rupee to keep on appreciating and break even the 35 Rupee mark against the dollar. Till December of last year that trend remained intact, however 2008 seems to have taken a sudden U turn. After a gap of more than a year Rupee has depreciated to over 40 against the dollar, much to everyone's surprise. Although it has been range-bound for last month or so, no one seems to be talking about 35 Rupee mark that was expected to hit as per most of the analysts.
Common Currency in South Asia
2008-03-24 21:14:00 Introduction The issue of consolidating the South Asian economies, and have stronger economic relations in the region, is not new. However, the idea of having a common currency in South Asia was encouraged after a successful launch of EURO by European Union in 2002. The talks for a common currency in South Asia began in 2004, when then Prime Minister of India Mr. Atal Bihari Vajpayee went to Pakistan for SAARC summit. It was termed by economies as a visionary initiative which would bring businesses in South Asia closer to each other, kick-starting closer economic ties. This was followed up by the commitment towards economic integration through free trade agreement in the Twelfth SAARC Summit, Islamabad. However, not many empirical studies have taken place to suggest the framework for launching a common currency for South Asia. Many industry stalwarts and economists have put forth the prospective benefits and problems of having a common currency. The aim of this article is to summa...
What happens if 1 Rupee = 45 Dollars
2008-03-21 05:13:00 Enjoy with Future India after 50 Years.What happens if 1 rupee = 45 dollars !............ ......... ....Scene 1: Venue : Microsoft Corporation, New York , US Some s/wSome software engineers are Watching some photographs. s/w engg 1 : What's that? s/w engg 2 : Bob's photographs from India .. s/w engg 1 : Wow. Let me see. Which is this place?s/w engg 3 : (Sees the photo) This is Mumbais/w engg 1 : Fundoo yaar! And what is this? He got Bajaj Pulsar also. s/w engg 2 : Let me see (sees). This guy enjoys life maan...s/w engg 3 : You know how much an Bajaj Pulsar costs? Nearly 60K..... Say it in dollars... (60000*45 = 27,00,000 dollars) s/w engg 2: Oops. We can't dream of such a thing here. s/w engg 1 : Let's go to India & try for a job. [Everybody excited.]SCENE 2: Venue: Sun Microsystems, SanFrancisco , California , USs/w engg 1: I'm with you man. My Visa is expected anytime. Soon I will fly to India s/w engg 2 : Ohhh.... When is the party? s/w engg 1: When I get it on hand. s/w...
By: FUNPEN
Rupee improves further
2008-03-19 11:13:00 The rupee improved by another seven paise to 40.44/45 against the US dollar in late morning deals on the back of sharp recovery in equity markets and expectations of fresh capital inflows after US Federal Reserve interest rate cut last night. In quite trade at the forex market, the local currency opened remarkably higher at 40.36/38 a dollar from yesterday's close of 40.51/52 a dollar. Dealers attributed rally in the rupee to sharp surge in Asian equity markets. Later, the rupee was quoted slightly lower but still up at 40.44/45 in late morning deals.
Rupee loosing aura of invincibility
2008-03-19 04:37:00 By Vipin AgnihotriIn my opinion, rupee has lost some of the aura of invincibility that surrounded it over the last 15 months. According to my estimations, between the end of January and the second week of February, rupee has shed around 3 per cent of its value against the dollar. Interestingly, this period has seen tremendous major shift in market perceptions. For example, traders are reconciling to the prospect of medium-term decline in the exchange rate. Generally speaking, depreciation is a shot in the arm for beleaguered exporters. I have a talk with some financial experts and they were of the view that the economic cost of sharp depreciation in the present global environment will outweigh the advantages. Point to be noted here is that an appreciating currency more or less act as a shield against "imported" inflation arising from high global commodity prices. In my opinion, domestic inflation has increased due to a combination of local price impulses and global pressures. The qu...
By: The India Street
Rupee gains 0.37% to 40.62/USD
2008-03-18 14:40:00 The Indian Rupee gained 0.37% against the US Dollar on Mar. 18, 2008. The Reserve Bank of India`s (RBI) reference rate for the US Dollar stood at Rs 40.62 on Mar. 18, 2008, as against Rs 40.77 on previous day i.e. Mar. 17, 2008. Similarly, the domestic currency appreciates 0.60% versus the Euro on the same day. The reference rate for Euro stood at Rs 64.09 on Mar. 18, 2008, as against Rs 64.48 on Mar. 17, 2008. As revealed in the table below, the local currency rose 0.98% against the Great Britain Pound (GBP), and 0.29% against the Japanese Yen (taking into account 100 Yen). Date Currency 1 GBP 100 YEN March 17, 2008 82.1047 41.90 March 18, 2008 81.2989 41.78 Source: RBI Note: The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-Rupee rate will be based on this rate. The exchange rates of GBP and Japanese Yen against the Rupee are based on the reference rate for US Dollar and middle rates of the cross currency quotes at 12 noon to...
Earn Rupee From Home - India Blog
2008-03-18 00:48:00 Blogadr Update. - India Job and Career BlogEarn while you surf, earn rupee, work from home, earn money, make money, rupee earner, multiply your rupee, earn wealth, work at home india, home jobs, data entry, data processing, email processing, ad posting, free sms to india, contest, free horoscope, free greeting cards, send sms for free anywhere.: india career, jobs, in blog, job
By: Blogadr Update
Rupee Ends 10 Paise Lower Against US Dollar
2008-03-15 01:18:00 Mumbai: After tumbling by 24 paise in morning trade, the Indian rupee recovered smartly but still ended lower by 10 paise at 40.43/44 against a dollar amidst a collapse in domestic as well as Asian stock markets, and softening of US currency worldwid8 Vote(s)
By: Market Buzz
India's Larsen & Toubro wins 747 mln rupee contract from ONGC
2008-03-11 14:56:00 CNBC - LONDON (Thomson Financial) - India's largest engineering and construction group Larsen & Toubro Ltd (L&T) said it has won a 747 mln rupee contract from Oil & Natural Gas Corp... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
By: Engineers Voice
India's Larsen & Toubro wins 747 mln rupee contract from ONGC
2008-03-11 14:54:00 Forbes - LONDON (Thomson Financial) - India's largest engineering and construction group Larsen & Toubro Ltd (L&T) said it has won a 747 mln rupee contract from Oil & Natural Gas... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
By: Engineers Voice
Rupee drops 0.59% at 40.53/USD
2008-03-07 10:33:00 The Indian Rupee dropped 0.59% against the US Dollar on Mar. 07, 2008. The Reserve Bank of India`s (RBI) reference rate for the US Dollar stood at Rs 40.53 on Mar. 07, 2008 as against Rs 40.29 on previous day i.e. Mar. 05, 2008. Similarly, the domestic currency weakened 1.91% versus the Euro on the same day. The reference rate for Euro stood at Rs 62.40 on Mar. 07, 2008, as against Rs 61.23 on Mar. 05, 2008. As revealed in the table below, the local currency dropped 1.96% against the Great Britain Pound (GBP), and 1.39% against the Japanese Yen (taking into account 100 Yen). Date Currency 1 GBP 100 YEN Mar. 5, 2008 79.9757 38.94 Mar. 7, 2008 81.5443 39.48 Source: RBI Note: The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-Rupee rate will be based on this rate. The exchange rates of GBP and Japanese Yen against the Rupee are based on the reference rate for US Dollar and middle rates of the cross currency quotes at 12 noon today.
Reliance Energy,Hyundai Engineering consortium bags 60-bln-rupee …
2008-02-21 10:06:00 CNBC - MUMBAI (Thomson Financial) - A consortium comprising India's Reliance Energy Ltd and Korea-based Hyundai Engineering Construction Co has won the 60-bln-rupee Mumbai Trans Harbour Project... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
By: Engineers Voice
One-rupee solution to IPO buy
2008-02-20 06:03:00 Investors may soon be able to buy shares offered through initial public offerings at a fraction of the cost they have paid till now. The primary markets advisory committee of Sebi has suggested that the face value of all new stocks should be a uniform Re 1 per share. If accepted, the panel?s recommendations will force all ...
The Simple Rupee:Balance Sheet,a useful tool
2008-02-08 00:16:00 The Simple Rupee The Simple Rupee:Financial Planning is a Process The Simple Rupee:Establishing Financial Goals The Simple Rupee:Gathering Data 1. The Balance Sheet is a very important source for helping you gauge your need for Life Insurance.If you've read my previous article ,you will recollect my having written about liabilities (what you owe).No one would like to pass on the burden of outstanding debts to their loved ones.This is where the Balance Sheet can help you decide the quantum of Life Insurance you should have so that your loved ones are left with enough to clear the debts as well as live comfortably in the event of any untoward incident.2. The Balance Sheet can help you allocate your investments properly so that you get a decent rate of return (more than what the banks,NSCs and GOI Bonds have to offer!).3. The Balance Sheet can help you plan for your retirement.Unless you know what is coming in and what is going out,how are you going to...
By: ALL THINGS GOOD
The Simple Rupee:Balance Sheet,a useful tool
2008-02-08 00:16:00 The Simple Rupee The Simple Rupee:Financial Planning is a Process The Simple Rupee:Establishing Financial Goals The Simple Rupee:Gathering Data 1. The Balance Sheet is a very important source for helping you gauge your need for Life Insurance.If you've read my previous article ,you will recollect my having written about liabilities (what you owe).No one would like to pass on the burden of outstanding debts to their loved ones.This is where the Balance Sheet can help you decide the quantum of Life Insurance you should have so that your loved ones are left with enough to clear the debts as well as live comfortably in the event of any untoward incident.2. The Balance Sheet can help you allocate your investments properly so that you get a decent rate of return (more than what the banks,NSCs and GOI Bonds have to offer!).3. The Balance Sheet can help you plan for your retirement.Unless you know what is coming in and what is going out,how are you going to...
By: ALL THINGS GOOD
Rupee climbs as dollar crunch eases
2008-02-07 13:28:00 MUMBAI (Reuters) - The Indian rupee inched higher on Thursday, as the market liquidated some long dollar positions in the absence of strong cues from many Asian markets that were closed for a public holiday. At 10 a.m., the partially convertible rupee was at 39.47/48 per dollar, gaining from its previous close of 39.515/525, a session where it hit a two-week low of 39.69. "In the past two-three days there has been a dollar shortage but today cash conditions have improved," said a senior dealer with a private bank. Lunar New Year holidays brought trading in much of Asia to a halt, with markets in China, Hong Kong, South Korea, Singapore, Malaysia and Indonesia closed until next week. The lack of overseas cues from Asia had crimped currency trading volumes, local dealers said. India's benchmark share index was trading weaker for the second straight day, taking direction from weak global markets that were concerned about a gloomy economic outlook for the United State...
By: B4U India
Rupee up on exporter buys, IPO outflows wane
2008-02-07 13:16:00 MUMBAI (Reuters) - The rupee recovered from a two-week low to end higher on Wednesday, as exporters aggressively sold dollar holdings, offsetting waning outflows linked to a recent share offering, dealers said. The partially convertible rupee ended at 39.515/525 per dollar, climbing smartly off an early low of 39.69, its weakest since Jan. 22. It ended at 39.555/565 on Tuesday. "Outflows from the very large IPO have finally tapered off. Demand for the dollar has been met," said Pradeep Khanna, head of currency trading at HSBC. Last month, Reliance Power raised a record $3 billion through an initial share sale that generated sizable foreign interest. The IPO had received bids worth $190 billion and the company is in the process of refunding part of the cash. Rebates worth about $2.5 billion have left India so far, dealers said. Foreigners bought $1.3 billion of Indian shares in the three days to Feb. 5, data released by the Securities and Exchange Board of India sh...
By: B4U India
Goldman Says Sell Yuan Against Rupee as China's Economy Slows
2008-02-07 09:19:00 Goldman Sachs Group Inc. recommended selling the Chinese yuan against the Indian rupee as the worst snowstorms in more than 50 years and the threat of a recession in the U.S. damp growth in Asia's second-biggest economy.Investors should7 Vote(s)
By: Market Buzz
Rupee depreciates against US dollar
2008-02-06 11:26:00 The rupee has depreciated to 39.60/61 against the US dollar in late Wednesday morning deals following sustained capital outflows and heavy dollar buying by some multinational banks.
By: Latest News
Rupee steady as dealers eye investment flows
2008-02-05 07:35:00 MUMBAI (Reuters) - The Indian rupee recovered from early losses on Tuesday, with a section of the market buying the local unit anticipating capital inflows, though concerns about a reversal in risk appetite among overseas investors persisted. At 10:15 a.m., the rupee was at 39.44/45 per dollar, unchanged from the previous finish, but moving up from an early low of 39.4850. "There's a bit of confusion about the rupee's next move, and that's reflected in the fact that the pair is not moving around much," said a dealer with a foreign bank. India's benchmark share index was weaker in early trade, taking cues from Asian share markets that fell after U.S. credit card firms and banks were downgraded, stoking fears their troubles could spread to the global sector. On Monday, the Dow Jones Industrial Average and Nasdaq Composite index shed roughly 1 percent each. The dollar was little changed as investors await other key central bank decisions this week and more U.S. da...
By: B4U India
Rupee slips on weak Asian equities, Wall Street
2008-02-05 07:34:00 MUMBAI (Reuters) - The rupee eased on Tuesday, with losses on Wall Street and Asian indices hurting sentiment, and capital outflows from refunds of recent initial share offering further weighing on the local unit. * At 9:15 a.m., the rupee was at 39.47/48 per dollar, losing ground from the previous finish of 39.44/45. * Asian share markets fell on Tuesday led by financials after U.S. credit card firms and banks were downgraded, stoking fears their troubles could spread to the global sector. * Last month Reliance Power, a unit of Anil Dhirubhai Ambani group, raised a record $3 billion through an initial share sale that generated sizeable foreign interest, and dealers said refunds worth $2 billion had left India so far.
By: B4U India
Rupee slips on IPO outflows, RBI concerns
2008-02-05 06:32:00 MUMBAI (Reuters) - The rupee came under pressure on Monday as foreign investors repatriated funds returned after recent initial share offerings, with concerns about central bank intervention further weighing on sentiment. The rupee ended at 39.44/45 per dollar, higher than the day's low of 39.48, but losing ground from the previous finish of 39.35/36. It hit 39.16 in November, its highest in 10 years. "The outflows from the IPOs were the dominant factor today, but what's remarkable is that the rupee has not fallen further," said a senior dealer with a private bank. Earlier this month Reliance Power, a unit of Anul Dhirubhai Ambani's group, raised a record $3 billion through an initial share sale that generated sizeable foreign interest, and dealers said rebates worth $2 billion had left India so far. Dealers said strong inflows into local equities helped trim the rupee's losses. India's benchmark share index gained over 2 percent, as stocks around the r...
By: B4U India
The Simple Rupee:Gathering Data
2008-02-05 00:09:00 My previous articles :The Simple Rupee The Simple Rupee:Financial Planning is a Process The Simple Rupee:Establishing Financial Goals In this article,I will discuss one of the most important steps in Financial Planning;Gathering Data.What this means is that you need to know what is coming in and what is going out.One of the best tools to record this is a Balance Sheet.This is a list of everything you own (your ASSETS) and everything you owe (your LIABILITIES).This is like a snapshot of your financial picture.This changes in every moment of time.Moreover,it can also help in giving you an idea of where you stand and where you will be in the near or distant future.Your Balance Sheet gives you your NET WORTH (Assets-Liabilities).This can either be a positive or a negative figure.Of course,everyone would love to have the former!An example of what can be listed in Assets :1.All the cash you have right now.2. All the money in your Savings Accounts.3. The cash value of ...
By: ALL THINGS GOOD
The Simple Rupee:Gathering Data
2008-02-05 00:09:00 My previous articles :The Simple Rupee The Simple Rupee:Financial Planning is a Process The Simple Rupee:Establishing Financial Goals In this article,I will discuss one of the most important steps in Financial Planning;Gathering Data.What this means is that you need to know what is coming in and what is going out.One of the best tools to record this is a Balance Sheet.This is a list of everything you own (your ASSETS) and everything you owe (your LIABILITIES).This is like a snapshot of your financial picture.This changes in every moment of time.Moreover,it can also help in giving you an idea of where you stand and where you will be in the near or distant future.Your Balance Sheet gives you your NET WORTH (Assets-Liabilities).This can either be a positive or a negative figure.Of course,everyone would love to have the former!An example of what can be listed in Assets :1.All the cash you have right now.2. All the money in your Savings Accounts.3. The cash value of ...
By: ALL THINGS GOOD
Rupee climbs on strong overseas interest
2008-02-02 13:33:00 MUMBAI (Reuters) - The rupee rose on Friday as investors bought the Indian unit for its higher yields after a hefty interest rate cut by the U.S. Federal Reserve, but concerns about intervention by the Reserve Bank of India weighed. At 10:10 a.m., the partially convertible rupee was at 39.36/37 per dollar, gaining from the previous close of 39.38/39. It has hovered in a broad 39.34-39.48 band for most of the week. "Foreign funds have been hitting the market since the Fed cut rates, and are more than offsetting the IPO-related outflows," said a senior dealer with a foreign bank. The Fed cut rates by a half-percentage point on Wednesday as part of an ongoing effort to halt a sharp slowdown in the world's largest economy, a move which could attract investment flows into India. India's benchmark share index was trading higher in early deals, and the rupee took support from gains in most Asian equity and currency markets. Asian stock markets rose after one of their wors...
By: B4U India
Rupee seen higher on cues from Wall St, Asia
2008-02-02 13:22:00 MUMBAI (Reuters) - The rupee may inch higher on Friday, buoyed by gains on Wall Street and other Asian markets and hopes hefty U.S. rate cuts will to draw investments into higher-yielding Indian assets. * The partially convertible rupee ended at 39.38/39 per dollar on Thursday, a shade stronger than the previous close of 39.39/40. It has hovered in a broad 39.34-39.48 band for most of the week. * The U.S. Federal Reserve cut rates by a half-percentage point on Wednesday as part of an ongoing effort to halt a sharp slowdown in the world's largest economy, a move which could attract investment flows into India. * Asian stock markets rose on Friday after one of their worst months on record as concerns eased about the outlook for top bond insurers which have been hit by the U.S. subprime mortgage crisis and credit-related losses.
By: B4U India
Rupee flat on exporter dollar sales, outflows
2008-02-02 12:00:00 MUMBAI (Reuters) - The Indian rupee ended almost flat on Thursday, largely ignoring a hefty U.S. rate cut, as exporters sold dollars while outflows relating to a recent share offering largely checked gains. The partially convertible rupee ended at 39.38/39 per dollar, a shade stronger than Wednesday's close of 39.39/40. It has hovered in a broad 39.34-39.48 band for most of the week. It hit a decade high of 39.16 per dollar in November. "The redemption payments were more than offset by exporter selling and the rupee seems to be caught in a broad 39.30-39.50 band for the near term," said Sudarshan Bhat, chief currency dealer at Corporation Bank. About $1 billion to $1.5 billion is expected to have left the banking system, out of an estimated $5 billion, towards payments for Reliance Power's IPO, dealers said. "Some export rollovers also took place and there was the usual month-end demand for dollars," he said. Oil refiners typically step up their dol...
By: B4U India
The Simple Rupee:Establishing Financial Goals
2008-02-02 00:14:00 In my previous article,I had wtitten about the six- step process for Financial Planning. I will be taking up each step separately and will elaborate some more on each step.My endeavour is to present this in an easy -to- understand manner.Though the process of Financial Planning is applicable to all,I would like to direct these articles especially to the younger lot who are just setting out on the path to financial freedom.Savings is definitely not the primary focus in our lives when we think we have our whole life ahead of us!But let me tell you that attaining financial 'nirvana' is far easier when you start early."When you keep saying you will do it tomorrow,then your tomorrow will never come."Let's begin with the first step:Establishing Financial Goals.All of us have different desires.It is important to identify your desires and financials goals.What are you saving for?Could it be for,1. College education2. Marriage3. Buying a house...
By: ALL THINGS GOOD
The Simple Rupee:Establishing Financial Goals
2008-02-02 00:14:00 In my previous article,I had wtitten about the six- step process for Financial Planning. I will be taking up each step separately and will elaborate some more on each step.My endeavour is to present this in an easy -to- understand manner.Though the process of Financial Planning is applicable to all,I would like to direct these articles especially to the younger lot who are just setting out on the path to financial freedom.Savings is definitely not the primary focus in our lives when we think we have our whole life ahead of us!But let me tell you that attaining financial 'nirvana' is far easier when you start early."When you keep saying you will do it tomorrow,then your tomorrow will never come."Let's begin with the first step:Establishing Financial Goals.All of us have different desires.It is important to identify your desires and financials goals.What are you saving for?Could it be for,1. College education2. Marriage3. Buying a house...
By: ALL THINGS GOOD
The Simple Rupee:Financial Planning is a Process
2008-01-31 01:12:00 Too often,we postpone sober sounding tasks like financial planning.It's easy to postpone financial planning indefinitely sometimes forever.When you keep saying tomorrow will be right to begin,it never comes.Let me tell you,you are not alone. Statistics confirm that we are spending more and saving less more than any time in our history.Solid financial planning gives us the pride to make things happen NOW not tomorrow,or someday or perhaps,never.It is about imagining our own future instead of letting others imagine it for us.It is about taking control of our own financial destiny.Learnng to talk the language of money doesn't make you materialistic.It only makes you wise.Financial planning is a process.I wish I could say it is easy.But one thing is certain;if you have a plan and prepare yourself,the results will be better than doing nothing at all. Since you are reading my article,I assume you are serious about your financial future.Broadly speaking,the process...
By: ALL THINGS GOOD
The Simple Rupee:Financial Planning is a Process
2008-01-31 01:12:00 Too often,we postpone sober sounding tasks like financial planning.It's easy to postpone financial planning indefinitely sometimes forever.When you keep saying tomorrow will be right to begin,it never comes.Let me tell you,you are not alone. Statistics confirm that we are spending more and saving less more than any time in our history.Solid financial planning gives us the pride to make things happen NOW not tomorrow,or someday or perhaps,never.It is about imagining our own future instead of letting others imagine it for us.It is about taking control of our own financial destiny.Learnng to talk the language of money doesn't make you materialistic.It only makes you wise.Financial planning is a process.I wish I could say it is easy.But one thing is certain;if you have a plan and prepare yourself,the results will be better than doing nothing at all. Since you are reading my article,I assume you are serious about your financial future.Broadly speaking,the process...
By: ALL THINGS GOOD
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