The Indian rupee depreciated by 12 paise against the US dollar on Monday, closing at 67.18 due to dollar demand from bankers and importers. However, foreign fund inflows into the debt and equity markets supported the rupee and prevented sharper declines. The euro gained 0.2% against the dollar while the pound rose 0.6% on expectations of positive economic data from those regions. Most Asian currencies also weakened against the dollar as risk aversion increased demand for the safe-haven US currency. Technical indicators suggest the rupee may trade in the 67.15-67.65 range over the coming days.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
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Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.
Currency high lights 23.08.16
1. Currency Highlights
23rd
Aug’2016
HighLights:
Indian Rupee depreciated to one month low to 67.18 in Monday’s
trade
US Dollar Index rose marginally in yesterday’s trading session
Euro against dollar gained around 0.2 percent in Monday’s trading
day
The Sterling Pound jumped by 0.6 percent in yesterday’s trade
Indian Rupee continued to remain under pressure and depreciated
around 12 paise to end at 67.18 against the US dollar on Monday. The
currency depreciated on account of dollar demand from bankers and
importers.
Further, downside in domestic market sentiments were seen after in-
vestors were disappointed as government appointed Urjit Patel, as the
new RBI Governor on Saturday, which led to downside in the currency.
Moreover, investors were cautious over the upcoming redemption of
the FCNR-B deposits.
However, constant inflow of foreign funds in debt and equity markets cushioned sharp downside in the currency. Maintaining
their bullish stance on the Indian markets, foreign investors have deployed over Rs 7,700 crore so far this month.
Indian Rupee moved in the range of 67.15 to 67.23 in Monday’s trading session. The currency has depreciated around 43 paise
or 0.64 percent in last three trading days. The Reserve Bank of India (RBI) fixed reference rate for the dollar was seen at
67.1940 and Euro stood at 75.8083 in Monday’s trade.
In cross-currency trades, the rupee remained under pressure against the pound sterling and settled at 88.08 from 87.97 and
dropped further against the euro to finish at 75.96 as compared to 75.91 last weekend. The domestic unit, however, rebound-
ed against the Japanese yen to settle at 66.82 per 100 yens from 66.92 earlier.
US Dollar Index rose marginally in Monday’s trading session due to rise in risk aversion in global market sentiments which led
to increase in demand for the low yielding currency.
However, estimates of unfavourable economic data from the country during the week capped sharp upside movement in the
currency.
Euro against dollar gained around 0.2 percent on Monday on account of weakness in the dollar index in early part of the trade.
Further, estimates of favourable economic data from the region led to upside in the currency. However, weak global market
sentiments restricted sharp positive movement in the currency.
The Sterling Pound jumped by 0.6 percent in Monday’s trade as a result of estimates of favourable economic data from the
country during the week. However, weak global market sentiments coupled with stronger dollar capped sharp upside move-
ment in the currency.
The Japanese Yen against dollar appreciated around 0.23 percent in Monday’s trading session due to rise in risk aversion in
global market sentiments which led to increase in demand for the low yielding currency.
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Last PrevCl. PriceChng PriceChng%
DollarIndex 94.73 94.48 0.25 0.26
USD/INR(Spot) 67.18 67.13 0.05 0.07
USD/INR(NseAug) 67.27 67.13 0.14 0.21
EUR/INR(Spot) 75.89 76.02 (0.13) (0.17)
EUR/INR(NseAug 75.94 76.01 (0.07) (0.09)
GBP/INR(Spot) 87.98 87.78 0.20 0.23
GBP/INR(NseAug) 88.06 88.08 (0.02) (0.02)
JPY/INR(NseAug) 67.27 67.13 0.14 0.21
MarketHighlights
2. Technical View:
The price has given breakout of its falling trend at 65.80 levels
on daily chart.
Price has shown breakout of horizontal trend line at 66.75
levels on daily chart.
Moreover, prices have been trading above its 21 DEMA on
daily chart, which indicates short term trend remains up.
On daily chart, momentum oscillator RSI has moved above 60
levels, which gives positive confirmation to the prices.
A momentum indicator MACD has shown positive crossover
on daily hourly chart, which indicates further bullishness in
the prices.
For now we expect prices to move higher towards 67.40 lev-
els in few trading sessions.
Pivot levels for the Day
Technical View:
The price has given breakout of its falling wedge pattern at
67.10 levels on daily chart with bolstering volumes. On the
other hand price have given breakout of horizontal trend line
at 67.05 levels on daily chart.
Moreover, price have been trading above its 21 daily expo-
nential moving average which suggest short term trend is
bullish. So any dip in the prices towards 67.15 level, used as
buying opportunity.
A momentum indicator RSI has moved above 45 levels on
daily chart, which suggest bullishness in the prices.
A momentum indictor MACD has given positive crossover on
daily chart, which gives positive confirmation to the prices.
For now we expect prices to move higher towards 67.65 lev-
els in few trading sessions.
Currency Highlights
23rd
Aug’2016
USDINR JPYINR
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
S3 S2 S1 Pivot R1 R2 R3
USDINR 67.05 67.16 67.21 67.27 67.32 67.38 67.49
JPYINR 66.31 66.53 66.67 66.75 66.89 66.97 67.19
3. Pivot levels for the Day
Currency Highlights
23rd
Aug’2016
GBPINR EURINR
Technical View:
The prices have been trading in descending triangle pattern
from past few weeks and prices has taken support of its low-
er band of triangle pattern at 74 levels on daily chart.
On the other hand, Pair has been trading above its 21 daily
exponential moving average which indicates that trend is
turned into bullish.
A momentum oscillator RSI have been trading above 45 lev-
els on daily chart which gives the signs of bullishness to the
prices.
Moreover, momentum indicator MACD has shown bullish
sign on daily chart which support our bullish view on the pair.
For now we expect prices should move higher towards 76.60
levels in the coming trading sessions.
Technical View:
The price has been trading in descending triangle formation
from past weeks and prices have been facing resistance of its
upper bad of triangle at 88.20 levels on daily chart.
The prices have been trading below its 21 DEMA, which sug-
gest short term trend is down.
A momentum indicator RSI has remained below 50 levels on
daily chart, which suggest bearishness in the prices.
Moreover, momentum indicator MACD has shown negative
sign on daily chart which support our bearish view on the
pair.
For now we expect prices should move lower towards 87.30
levels in the coming trading sessions.
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
S3 S2 S1 Pivot R1 R2 R3
GBPINR 86.86 87.43 87.75 88.00 88.32 88.57 89.14
EURINR 75.50 75.70 75.81 75.90 76.01 76.10 76.30
4. Currency Highlights
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Economic Indicators
Date Time Data Prior Expected Impact
23.08.16 9:30 AM BOJ Gov Kuroda Speaks
23.08.16 12:30 PM French Flash Manufacturing
PMI
48.6 49.1 Actual > Forecast = Good
for currency; EURINR
23.08.16 12:30 PM French Flash Services PMI 50.5 50.6 Actual > Forecast = Good
for currency; EURINR
23.08.16 1:00 PM German Flash Manufacturing
PMI
53.8 53.7 Actual > Forecast = Good
for currency; EURINR
23.08.16 1:00 PM German Flash Services PMI 54.4 54.3 Actual > Forecast = Good
for currency; EURINR
23.08.16 1:30 PM Flash Manufacturing PMI 52.0 52.1 Actual > Forecast = Good
for currency; EURINR
23.08.16 1:30 PM Flash Services PMI 52.9 53.0 Actual > Forecast = Good
for currency; EURINR
23.08.16 7:30 PM New Home Sales 592K 575K Actual > Forecast = Good
for currency; EURINR
23rd
Aug’2016
5. Currency Highlights
23rd
Aug’2016
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Amit Pathania
Digitally signed by Amit Pathania
DN: cn=Amit Pathania, o=Choice Equity Broking Pvt. ltd, ou=Research
Department, email=amit.pathania@choiceindia.com, c=IN
Date: 2016.08.23 08:48:54 +05'30'
