Dollar to Rupee Future Forecast

Gold Gold prices rose to their highest on Monday in a month as fears over rising coronavirus cases lift safe-haven demand by investors.  Internationally Spot gold was up 0.4% at $1,749.54 per ounce as of 06:00 am IST after hitting its highest since May 20 at $1751. US gold futures rose 0.6% to $1,763.80 per ounce. On the MCX, gold prices rose to its all-time of Rs.48,289 per 10 grams in the Indian market on Monday morning. Gold is commonly used as a safe investment during political and financial uncertainty since it is not at risk of becoming worthless. SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings rose to 2.03% to 1,159.31 tonnes on Friday from 1,136.22 tonnes on Thursday. Experts said that the impact of coronavirus crisis and the Central Bank’s policy easing measures may help the gold’s haven appeal. Although, lifting lockdown restrictions and the rally in the equity market may hinder major rallies in the counter. On th...

EURO INR Future Forecast What is the position in the coming days? Hello, Welcome to ForexBlues.com. Today we are going to see EuroINR future. What is the position in the coming days? So if we start from Monday then we have seen a high of 86.37 in Euro INR and then there is a downfall that has started from Monday onwards. You can see that it was Only 85.40 and today again on Friday It is at 85.40 levels. So if we look at the technical charts then in the 4-hour time frame, you can very easily see that at 85.40 around there is strong support and looking at the RSI, Stochastic RSI and the MACD it gives an impression that the support is not going to break very soon and next week we can see again a jump in the Euro and it could hit 86.20 again. And after that only we would be able to see the downfall coming again. Looking at the technical charts of the week, it gives us the impression that only after probably 7 to 10 days it is going to fall below 85 levels maybe in July. ...

EEFC ACCOUNTS FOR EXPORTERS EEFC (‘Exchange Earners’ Foreign Currency) Account is a facility provided to all categories of exchange earners including Exporters, SEZ developers (except SEZ Units) etc. In the EEFC account the bank allows the exchange earners (resident of India) to maintain their account in any of the permitted foreign currency viz.  USD, GBP, Euro, JPY etc.  In simple words we can say that, ‘EEFC account’ is a one type of resident Indian’s current account wherein one can keep funds in any foreign currency for a stipulated time period. Important to be noted that interest is not paid on EEFC accounts. Types of Funds receivables: Exchange earners (including professional charges, honorarium etc. received by individuals) who have received funds through normal banking channels, can credit 100% of inward remittance to EEFC account so that the account holders do not have to convert foreign exchange into Rupees and vice versa, thereby minimizing the transact...