Rbi Forex Exchange Rates - springintoyellowstone.com

What Causes Volatility in The Canadian Dollar rate?

Just like the seasons, the currency exchange and stock market are the most unpredictable ones in behaviour. You can at least assume and anticipate the rates, the fall and the rise. They are the most unpredictable thing by nature you can ever come across.
There's only so much that one can do with them. You can make forecasts based on the present situation, however, the uncertainty of them coming true is as less and weak as a hair. Well, enough philosophical, isn't it?
Worry not! The discussion about economies can never begin without touching those lines of philosophy. In conclusion-- the economic stature of any currency depends on so many factors that listing them is a big thing.
However, when discussing currencies, one can't ignore some of the most influential and strong currencies... one amongst them that has been maintaining its stance forever since is the Canadian Dollar.
The Saga
Talking about the Canadian Dollar Rate, it should be known that it is the seventh-most traded currency on the Forex market in the world, one can only think that how many institutions and individuals might be trading in CAD.
The Canadian Dollar is also referred to as the Loonie, buck, Huard, and Piastre (in French), it is said to be held as a reserve currency by some central banks for economic purposes. Seeing its popularity, CAD has also come to be known as a commodity currency, due to Canadas’s substantial raw material exports.
It has been ages since the Canadian Dollar is at power with a cumulative market share that’s valued near US$119 billion. The Canadian dollar is a representation of a substantial valuation of the overall world currency markets, and it typically does not experience frequent extremes in pricing volatility as do smaller currencies.
However, there are still periods of time where the inherent volatility that faces any currency may bring perceived stability into question. Further, the situations have brought a change in the mentality of people and their perceiving ability of Canadian Dollar.
The constant fluctuations of the Canadian Dollar rates have brought the traders to a worrisome state. Here are a few reasons behind the constant fluctuations and tumultuous position of the currency. These conditions are based on the historical parameters of the currency since its inception to gaining of the value etc. etc.
Existence as ‘The Floating Currency’
Yes, the Canadian dollar is considered, taken and reserved as a "floating currency" thus, deriving its value from the market that’s open where traders and economically strong people choose the position of the currency. Since its inception, the Canadian government has never dictated about the exact "peg" value of it to any other currency; the CAD pricing performs on the decision of the global currency markets participants, thus, making it as a constantly evolving currency. It is not uncommon for the Canadian dollar's value to fluctuate 5-10% in a single trading session.
The Dependency Factors
Yes, the Canadian dollar's dependency on the pricing hikes and lows of a commodity suggests that the relationship of the international market and their increase and decrease in demand can shuffle the status of CAD distinctly. One such commodity is the pricing of crude oil. For instance, the decline in crude oil price in the international market for the year 2014 to 2015 witnessed the inflation in the overall Canadian economy that was greatly affected.
How to find out the actual rate of the Canadian Dollar?
There are many ways to find out the rates for the Canadian Dollar, however, the best way to find out the most updated and exact rate of CAD is through Bookmyforex.com. BookMyForex is an RBI recognized online marketplace that offers Foreign exchange-related services. The updated list of currencies and their rates are shown exactly to the last second update. Simply visit the platform and search through our Money Converter to find out the exact value of any currency of your choice.


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Indian Financial Sector

The RBI asked banks to ensure their ATMs are grouted to a wall, pillar, or floor by Sep-end, except those installed in high secured premises such as airports, to enhance security of the cash vending machines. In 2016, the RBI had set up a Committee on Currency Movement (CCM) to review the entire gamut of security of treasure in transit. Based on the recommendations of the panel, the RBI has now issued the instructions aimed at mitigating risks in ATM operations and enhancing security. -Economic Times
The RBI has promoted Rabi N Mishra as the central bank’s executive director, after the position fell vacant on Rosemary Sebastian’s retirement, sources said. Mishra was principal chief general manager of the bank’s risk management department. As ED, Mishra would be looking after the newly-created specialised supervisory and regulatory cadre within the RBI. -Business Standard
The National Financial Reporting Authority (NFRA), the newly created regulator for auditors, has begun full-fledged investigations into the audit failure at IL&FS after taking over the job from the Institute of Chartered Accountants of India (ICAI) in April this year. -Economic Times
The Anti-Corruption Bureau has registered a case against the city's Deputy Mayor Sheikh Imran and officials of the Jammu and Kashmir Bank for alleged illegal appropriation of crores of rupees from the state exchequer, a spokesman said today. -Moneycontrol.com
India’s goods exports grew 3.93% to $29.99 billion in May (year-on-year) following a growth in many key sectors such as engineering goods, iron ore and leather products, even as shipments of gems & jewellery and petroleum products declined. Imports were 7.76% higher at $45.35 billion during the month widening the trade deficit to $15.36 billion, compared to $14.62 billion in the same month last year. Gold imports in May posted an increase of 37.43% to $4.78 billion. -Business Line
Inching closer to its historic peak, India’s forex kitty increased by $1.68 billion to $423.55 billion for the week to June 7, RBI data showed on Friday. The foreign exchange reserves had increased by $1.87 billion to $421.86 billion in the previous reporting week. -Business Line
The rate of interest on SB deposits needs to be revised upwards by at least 2% and interest on fixed deposits should be exempted from the purview of income tax, according to suggestions made by the AIBEA to the Finance Minister. The association said banks should extend agriculture loan at the rate of 2% per annum. Further, they should extend education loan at concessional rate of interest of 5% to the poorer sections, with interest subvention. -Business Line
 -#150619 
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Mann ki Baat - December edition

I wish I had good news, but it's not looking good, guise

1) India's manufacturing expansion at 25-month low: Survey

The growth of India's manufacturing economy dropped to its lowest in the past 25 months, mainly on account of a slower expansion of new business and overall output, according to a leading global business survey released on Tuesday.

2) Exports may fall below $300 bn by 2015-16 end

The government has set a target of $325 billion for the current financial year. It will be a happy situation if the country achieves exports of $300 billion but it (exports) will end less than $300 billion.”
Kapoor’s admission comes close on the heels of India’s exports contracting for the eleventh straight month in October.
Exports decline for 11th month in a row India's raw cotton exports dip 50% in 2014-15 India's soyameal exports at historic low: SEA Gems and Jewellery exports dip 18% during April-Oct

3) Rupee hits more than two-year low; RBI intervenes

he rupee hit a more than two-year low against the greenback on Friday as domestic shares fell after an underwhelming stimulus package from the European Central Bank, forcing the Reserve Bank of India to sell dollars via state-run banks.

4) India's services sector growth stagnates in November as sentiments hit 10-year low

Services sector output stagnated in November after four consecutive months of expansion, as business sentiments hit the lowest level in a decade and flow of new orders turned sluggish, a monthly survey showed Thursday.

5) The core industries in India grew at a sluggish rate of 3.2% in October 2015 as per the newly released data

As per the data released by the Union Ministry of Commerce and Industry on November 30, 2015 the output of 8 core industries increased 3.2% in the month of October 2015 slowing down from 9% growth recorded in October 2014. The core sector growth in the period April to October 2015 was recorded at 2.5% while a growth of 5.6% was recorded in the corresponding period April to October 2014.

6) Growth in foreign tourist arrivals at 3-year low

The National Democratic alliance government's move to hardsell India as a hot tourism destination is yet to show results. According to Union tourism ministry statistics, the growth in inbound travel (foreign tourists coming to India) is a modest four per cent this calendar year (till October), compared to the previous year. This is the slowest pace of growth in the past three years.
Union tourism minister Mahesh Sharma recently admitted that in 2011-12, foreign tourists used to stay for an average of 20-22 days in India which has now come down to 18-20 days

7) Outlook for India’s power sector remains negative: Moody’s

“Our outlook for the Indian power sector remains negative, because the industry faces persistent challenges, mainly resulting from high, albeit moderating, fuel supply risk, cost over-runs at some plants operated by independent power producers (IPPs), and the limited capacity to pay on the part of financially weak distribution utilities,” Moody’s said in a press release today.
Let's brainstorm, guise. Modiji seems to be outside his depth here. May be we can think of good ideas and then have the mods tweet it to PMO.
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TYBCOM - Economics - RBI's Intervention and Foreign Exchange Rate Management - Demo

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