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Andhramass
Bewarse Legend
Username: Andhramass
Post Number: 51337
Registered: 07-2006
Posted From: 203.26.122.12
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, May 10, 2012 - 7:56 pm: |
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Vkishore:.papam common man in India suffer avutunnadu with this inflation.
at the same time that common man chooses this govt.
worst govt in the decade
anni dananallo Annadanam Minna lal salam
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Vkishore
Pilla Bewarse
Username: Vkishore
Post Number: 234
Registered: 10-2011
Posted From: 149.199.62.254
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, May 10, 2012 - 4:02 pm: |
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Entrepreneur:very true they will bring everyone down
- u.s down
- europe down
trying for india and china next
Veelu nidraporu le mama andarini sanka naakinche antati varaku.
Indirect currency war ee liquidity pump.In fact one of the professors wrote an nice article ....Arab spring revolution ki ee liquidity pump karanam ani....
Prati country lo inflation to food prices skyrocket ayyayi...enduku ayya ante thanks to the liquidity pump by the Usa and global oil trade only in dollars.
India ippudu Iran nunchi oil konutundi and paying in gold ani kadupu manta....Hillary trying to arm twist india into stopping trade with Iran.
India has to look out for its own geopolitical security just like Usa does. Usa ki istham aite Pak ki arms supply chestaru kani India matram moosukoni kurchovali...
World lo double standards ante usa ne....papam common man in India suffer avutunnadu with this inflation. |
Entrepreneur
Pilla Bewarse
Username: Entrepreneur
Post Number: 514
Registered: 05-2011
Posted From: 98.248.109.249
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, May 10, 2012 - 3:23 pm: |
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Vkishore:clever fellow bernanke ila annamata
very true they will bring everyone down
- u.s down
- europe down
trying for india and china next |
Entrepreneur
Pilla Bewarse
Username: Entrepreneur
Post Number: 513
Registered: 05-2011
Posted From: 98.248.109.249
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, May 10, 2012 - 3:22 pm: |
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Sell forex, RBI tells exporters; rupee recovers
Taking further steps to prop up the sliding rupee, the Reserve Bank of India (RBI) on Thursday asked exporters to sell half the foreign currency in their accounts and made it easier for the market to absorb large foreign exchange transactions. The rupee rose by 94 paise to trade below 52 level intra-day after the RBI move, but pared some of the gains to close at 53.42 against the dollar, still clocking a gain of 42 paise.
The central bank has also fixed limit for intra-day trading of foreign currency by banks. The changes came a day after the rupee posted its weakest close of 53.84 against the dollar on Wednesday. “It has been decided that 50 per cent of the balances in the Exchange Earners’ Foreign Currency (EEFC) accounts should be converted forthwith into rupee balances and credited to the rupee accounts as per the directions of the account holder,” the RBI said in a notification. In respect of all future forex earnings, an exchange earner is eligible to retain 50 per cent (as against the previous limit of 100 per cent) in non-interest bearing EEFC accounts, it said. The balance 50 per cent should be surrendered for conversion to rupee balances, it said.
The move will lead to an initial sale by exporters of only $2.5 billion to $3 billion in foreign currency holdings. The RBI will also allow banks to take intra-day currency trading positions that are five times their overnight open position limit, a move which could ease intra-day rupee volatility by increasing market liquidity and giving banks more time to cover big orders. Previously, banks could not exceed overnight limits, although some larger banks had been allowed by the RBI to increase their intra-day positions.
The rupee had a weak opening after closing at all-time low of 53.84 on Wednesday. It rose to 52.90 level intra-day as there was increased selling of dollar by banks and exporters following RBI measures. Dealers said that there was also suspected intervention by the RBI in the forex market.
“With this, the RBI is clearly indicating that it does not want to sell the dollar to support the local unit but it prefers policy level actions,” India Forex Advisors chief executive Abhishek Goenka said.
EEFC is an account maintained in foreign currency with a bank. It is a facility provided to the foreign exchange earners, including exporters, to credit 100 per cent of their forex earnings to the account. The account holders do not have to convert forex into rupee and vice versa, thereby minimising the transaction costs. |
Vkishore
Pilla Bewarse
Username: Vkishore
Post Number: 233
Registered: 10-2011
Posted From: 149.199.62.254
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, May 10, 2012 - 3:18 pm: |
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RBI steps already started. 3 hrs back article
http://www.indianexpress.com/news/sell-forex-rbi-tells-exporters;-rupee-recovers/947915/
Gold selling will be last step.Malaysia had to do this six months to arrest its currency slide.
FED liquidity pump ki global consequence idi...inflation all across and countries having to deal with currency slides...clever fellow bernanke ila annamata |
Farex
Mudiripoyina Bewarse
Username: Farex
Post Number: 10964
Registered: 10-2010
Posted From: 76.220.127.55
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, May 10, 2012 - 2:14 pm: |
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Gaali:
oka article undedhi annai,,,,,emails eddam anukunna,,,,aaa website id & password amrsithi document download seyyataniki  ....dorikinaffudu fwd maaaduthanu .
Jagamanthati Kutumbham Nadhi
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Gaali
Celebrity Bewarse
Username: Gaali
Post Number: 29041
Registered: 03-2004
Posted From: 131.247.54.65
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, May 10, 2012 - 2:10 pm: |
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Farex:
Cool annai.  Thank you.
Totally Bewarse! 
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Farex
Mudiripoyina Bewarse
Username: Farex
Post Number: 10963
Registered: 10-2010
Posted From: 76.220.127.55
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, May 10, 2012 - 1:59 pm: |
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Gaali:Gold emanna ammutaara?
mareee durbhara paristhithi ayithe kaani eee step veyyaru ani anukuntunna.
Jagamanthati Kutumbham Nadhi
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Farex
Mudiripoyina Bewarse
Username: Farex
Post Number: 10962
Registered: 10-2010
Posted From: 76.220.127.55
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, May 10, 2012 - 1:58 pm: |
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Gaali:
last DEC lo RBI action idhi annai :
http://economictimes.indiatimes.com/markets/forex/rupee-rebounds-sharply-after-r bis-intervention-to-curb-depreciation/articleshow/11129853.cms
"""the Reserve Bank of India reduced trading limits for banks in the foreign exchange market, making it difficult for market players to keep speculative positions open for a long time. """
Jagamanthati Kutumbham Nadhi
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Gaali
Celebrity Bewarse
Username: Gaali
Post Number: 29040
Registered: 03-2004
Posted From: 131.247.54.65
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, May 10, 2012 - 1:50 pm: |
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Farex:nenu idhe anukunnanu.
RBI step in ayyi em chestundi annai? Gold emanna ammutaara?
Totally Bewarse!
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Farex
Mudiripoyina Bewarse
Username: Farex
Post Number: 10961
Registered: 10-2010
Posted From: 76.220.127.55
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, May 10, 2012 - 1:47 pm: |
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Vkishore: RBI will step in at 55 itself if it reaches that.
nenu idhe anukunnanu.
Jagamanthati Kutumbham Nadhi
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Gaali
Celebrity Bewarse
Username: Gaali
Post Number: 29037
Registered: 03-2004
Posted From: 131.247.54.65
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, May 10, 2012 - 1:41 pm: |
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Pound kooda baaga perigindi (against rupee).
Totally Bewarse!
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Vkishore
Pilla Bewarse
Username: Vkishore
Post Number: 232
Registered: 10-2011
Posted From: 149.199.62.254
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, May 10, 2012 - 1:19 pm: |
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Farex:55/57 daaka paduthundhi anta
Anta Padite it will send a shockwave through foreign investors and will have the reverse effect of them pulling out and RBI having to sell gold again to bolster the currency.
It will be a full blown disaster if it reaches the level of 57-60. Chance ledu ani anukuntunnanu.
Article author kasta overblown scenario to veltunnadu. RBI will step in at 55 itself if it reaches that. |
Entrepreneur
Pilla Bewarse
Username: Entrepreneur
Post Number: 510
Registered: 05-2011
Posted From: 96.24.74.113
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, May 10, 2012 - 12:31 pm: |
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1$ = RS 52.64
Maple Leaf = $1656 |
Entrepreneur
Pilla Bewarse
Username: Entrepreneur
Post Number: 508
Registered: 05-2011
Posted From: 96.24.74.113
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, May 10, 2012 - 12:25 pm: |
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Dear Sir,
The dollar rate is very encouraging. I think this is the best time to make deposits. You can makeup the loss borne by you last year.
There are many people sending the deposits from abroad. I hope you will also think in this line.
Yours faithfully,
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Soggadu
Pilla Bewarse
Username: Soggadu
Post Number: 936
Registered: 02-2009
Posted From: 142.245.193.11
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, May 10, 2012 - 12:25 pm: |
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RBI Intervene authundi emo. Maree antha padipothey mana desam lo unna Oil companies anni gaggolu pedathaayi. Crude rate thagginaa they cant reduce the gas prices.
Ippatike chaala gola chesthunnayi - either let us do the free pricing or remove the tax ani
చక్కర కలిపిన తియ్యని తేనెల తోడు పెరుగు తెలుగు
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Entrepreneur
Pilla Bewarse
Username: Entrepreneur
Post Number: 507
Registered: 05-2011
Posted From: 96.24.74.113
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, May 10, 2012 - 12:24 pm: |
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MUMBAI: The Indian rupee fell the most since December to a new closing low on Wednesday, while currency strategists forecast more pain as central bank intervention remains limited and inflows dry up.
The rupee may touch a new low of 57 to the US dollar in the next three months, one of the 10 forecasts polled by ET predicted. Most others remain conservative with a forecast between 52 and 55 to the US dollar. The currency fell 1.3% to 53.85, a closing level last seen in December. Its all-time low is 54.30 on December 15.
The rupee, which has fallen 7.2% since the Budget, now stands out as a weak currency when compared with its peers such as Chinese Yuan, Brazilian Real and South African Rand. All these currencies have appreciated this year, thanks to current account surpluses and relatively steady economic fundamentals.
India's current account deficit is at 4.3% of GDP, far worse than the generally acceptable levels of 3%. The balance of payments, the difference in total value between payments into and out of a country, turned negative for the first time in the December quarter since the collapse of Lehman Brothers in 2008.
Some paint a grim picture by comparing the external trade position to the balance of payments crisis in 1991.
Repayments of more than $130 billion of debt are to be done this year.
The government is easing the pressure by relaxing the repayment and conversion conditions on companies' overseas convertible bonds.
Many companies are staring at default since the stock price is far lower than the agreed conversion price.
"The rupee would be largely under pressure due to huge current account deficit and redemption of foreign currency convertible bonds, which would mean demand for dollars will be higher than the supply," said Brinda Jagirdar, CGM, economic research, at State Bank of India. |
Farex
Mudiripoyina Bewarse
Username: Farex
Post Number: 10955
Registered: 10-2010
Posted From: 76.220.127.55
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, May 10, 2012 - 12:23 pm: |
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http://economictimes.indiatimes.com/markets/forex/any-hope-for-re-poll-says-it-m ay-sink-to-57/articleshow/13072361.cms?adcode=13
55/57 daaka paduthundhi anta
Jagamanthati Kutumbham Nadhi
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Archives - 2012