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Forex
| Foreign exchange is essentially about exchanging one
currency for another. The fascination of this market lies in its sheer
size, its complexity and almost limitless reach of influence. During the
past decade, the foreign exchange market has been the invincible hand
guiding the purchase and sale of goods, services and raw materials in
every corner of the globe. The complexity arises from three factors.
Firstly what is the foreign exchange exposure, secondly what will be the
rate of exchange, and thirdly when does the actual exchange occur. |
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Indian
Currency :-
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| No Indian currency can be brought in or taken out, and while remitting money
to India the full address of the bank should be given. |
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Bringing in Currency :- |
| Any amount in the form of currency, travellers cheques and the like can be
brought in and the same amount can be taken back. In case the amount exceeds
US $10,000 in the form of currency notes, travellers cheques or bank notes /
or currency notes alone of more than US $2,500, they have to be declared on
arrival on the Currency Declaration Form (CDF), duly attested by the Custom
Officer. |
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Money Changing :- |
| The unit of currency is the rupee and all money should be changed with
authorised money changers available at various places. You should insist on
a receipt which will help in reconverting the money whenever you desire so.
It is better to avoid touts who may offer higher sums than the prevailing
value. |
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| Stock Market :- |
| For Daily
analysis of Indian Stock Market, visit
www.crindia.com &
www.stockmarketmessages.com |
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