Archive for the Indian Forex Category
Save Indian Cashew, Save Real Taste (1)
Cashew industry is now a big Forex loss to the Indian treasury and the farmers are crying for an import ban. “Why the Government supports this much Forex loss? Why there is no import duty, no Vat or no APMC Tax on raw cashew imports? Why the Indian farmer should suffer Vat, APMC and permit [...]
Political Compulsions and Forex Market
Nowadays, strength of the currency reflects the strength of the economy. Continuous slide in a currency results in stock market crash and spreads uncertainty in import-export as well as in each and every trade/service activities. It will also diminish the global image of the country and public image of the ruling party. Indian Government should [...]
Strong Currency Attracts Global Attention and Investment
During the time of steep Rupee depreciation and interest rate hike in India, we wrote many small articles criticizing these moves. Certainly these steps have helped contain the rising inflation – but at what cost? Advanced globalization or new economy does not recognize these steps as did the old. Interest rate hike reduces the money supply and [...]
Cashew Steady, Eyes on Indian Currency Movement
Indian Rupee value is now the deciding factor for the global cashew market. Both the raw cashew and cashew kernel prices are ruling steady with negligible trade volume as bulk activity in import- export trade needs a stable Forex market. There is some sort of guarantee, mainly from the very high forward premium for the Dollar in [...]
Strong Recovery in Rupee and Real
Though the US Dollar is firm in the currency market, there is no pressure on the Brazilian Real. Indian Rupee is still under pressure due to steep fall in its Forex reserves but the fluctuation is now only momentary and the upward move is very strong and continuous. Some confidence building steps by the Reserve [...]
