Author: Karthik
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HDFC Charges for International Transactions: What You Need to Know
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Wherever you are abroad or whatever purchases you make online in foreign currencies, or even when you need to send money abroad, you need to know what fee awaits you at the receiving end of this transaction. HDFC Bank is one of India’s largest and finest banks, offering services for international transactions like all other…
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Axis Bank Charges for International Transactions: An In-Depth Guide
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Axis Bank is one of India’s biggest private sector banks, offering a wide range of services to customers in respect of international money transfers and foreign exchange transactions. However, looking from a critical point of view about considering complete fees, there is a crucial need for effective management of your financial matters. This guide will…
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Stability in a Dynamic World: Understanding Fixed Exchange-Rate Systems in India
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The economic structures found in India are multifaceted, similar to the country’s cultural and geographical diversities. The management of the currency exchange rates in India is very essential in the global market for stability, trade liberalization, and economic growth. Among these, the fixed exchange rate system can be regarded as one of the most vital…
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How to Avoid Common Mistakes in International Money Transfers: A Guide for Students
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Overseas education is exciting, and it is a dream for many to study in a foreign country; however, handling money, especially when remitting it, may not be quite easy. It can range from tuition fees to living costs, issues related to international transfer fees, variations in exchange rates and sometimes even delays. Being aware of…
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How to Withdraw Money from Your Forex Card: The Ultimate Guide
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Planning a trip abroad? Awesome! Though it is a good idea, it is quite a challenge to deal with foreign currencies. Is it appropriate to carry bulky cash around? Or just trust the sketchy money changers? The forex card is a boon for world travelers. But can you really use it to get your hands…
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3 Behavioural Economics Themes Shaping Forex Rates
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Have you ever had the impression that trading in the forex market could turn into a rollercoaster? It has nothing to do with monitoring funds’ interest rates, inflation, or events that stir up currency transformations. The second side towards it is more of our own perceiving and experiencing of reality. This is where behavioral economics…
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The Impact of Balance of Payment on Exchange Rate Fluctuations
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BoP assumes utmost significance in the balance of India’s total economic transactions with the rest of the world and hence has to explain how the exchange rate fluctuation dynamics are taking place. Steered by the Reserve Bank of India, foreign exchange reserves are being proactively managed to keep the rupee steady amidst global economic uncertainties.…
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Everything You Need to Know About NOSTRO Accounts for Global Payments
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In the expanding world of global trade, where cross-border payments will surpass $250 trillion by 2027, NOSTRO accounts play a crucial yet often overlooked role in making these transactions possible. Without them, sending money across borders would become chaotic. These accounts enable banks to hold foreign currencies in partner institutions abroad, ensuring smooth and secure…
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Understanding the Role of RBI in India’s Foreign Exchange Market
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Central banks form the most integral part of setting the economic landscape for any country. One of the most important roles they perform is to get involved in Forex markets, in the case of India, which is done through the Reserve Bank of India. It guides the value of the Indian Rupee to be stable…