Monday, February 29, 2016

RBI REFERENCE RATE FOR INDIAN CURRENCY TODAY: 1.Mar.2016

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RBI REFERENCE RATE

As on 1.Mar.2016 at 12.00Pm Hrs(IST)

USDINR : 68.1580
EURINR : 74.2172
GBPINR : 95.0395
JPYINR  : 60.5000
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Posted by

Currency Technicals Calls, 6th Session: 1.Mar.2016

REGISTER FOR FREE CURRENCY TIPS - http://rupeedesk.in/rupeedeskfree-calls 
 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

 1.05 Pm : Buy USDINR (MAR) SA 68.48 SL 68.37 Target 68.58 / 68.66 / 68.74
1.05 Pm : Sell USDINR (MAR) SB 68.32 SL 68.43 Target 68.22 / 68.14 / 68.06
 USDINR (MAR) : INTRADAY TREND : DOWN SL : 68.70 

 1.05 Pm : Buy EURINR (MAR) SA 74.53 SL 74.42 Target 74.63 / 74.71 / 74.79
1.05 Pm : Sell EURINR (MAR) SB 74.37 SL 74.48 Target 74.27 / 74.19 / 74.11
 EURINR (MAR) : INTRADAY TREND : DOWN SL : 74.80 

 1.05 Pm : Buy GBPINR (MAR) SA 95.61 SL 95.50 Target 95.71 / 95.79 / 95.87
1.05 Pm : Sell GBPINR (MAR) SB 95.45 SL 95.56 Target 95.35 / 95.27 / 95.19
 GBPINR (MAR) : INTRADAY TREND : DOWN SL : 95.80 

 1.05 Pm : Buy JPYINR (MAR) SA 60.63 SL 60.52 Target 60.73 / 60.81 / 60.89
1.05 Pm : Sell JPYINR (MAR) SB 60.47 SL 60.58 Target 60.37 / 60.29 / 60.21
 JPYINR (MAR) : INTRADAY TREND : DOWN SL : 60.90 
Posted by

Forex Trading Calls, 5th Session: 1.Mar.2016

 REGISTER FOR FREE CURRENCY TIPS - http://rupeedesk.in/rupeedeskfree-calls 
 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

 12.35 Pm : Buy USDINR (MAR) SA 68.57 SL 68.46 Target 68.67 / 68.75 / 68.83
12.35 Pm : Sell USDINR (MAR) SB 68.41 SL 68.52 Target 68.31 / 68.23 / 68.15
 USDINR (MAR) : INTRADAY TREND : DOWN SL : 68.70 

 12.35 Pm : Buy EURINR (MAR) SA 74.59 SL 74.48 Target 74.69 / 74.77 / 74.85
12.35 Pm : Sell EURINR (MAR) SB 74.43 SL 74.54 Target 74.33 / 74.25 / 74.17
 EURINR (MAR) : INTRADAY TREND : DOWN SL : 74.80 

 12.35 Pm : Buy GBPINR (MAR) SA 95.57 SL 95.46 Target 95.67 / 95.75 / 95.83
12.35 Pm : Sell GBPINR (MAR) SB 95.41 SL 95.52 Target 95.31 / 95.23 / 95.15
 GBPINR (MAR) : INTRADAY TREND : DOWN SL : 95.80 

 12.35 Pm : Buy JPYINR (MAR) SA 60.78 SL 60.67 Target 60.88 / 60.96 / 61.04
12.35 Pm : Sell JPYINR (MAR) SB 60.62 SL 60.73 Target 60.52 / 60.44 / 60.36
 JPYINR (MAR) : INTRADAY TREND : DOWN SL : 61.00 
Posted by

Eurinr Intraday Calls, 4th Session: 1.Mar.2016

REGISTER FOR FREE CURRENCY TIPS - http://rupeedesk.in/rupeedeskfree-calls 
 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

 12.04 Pm : Buy USDINR (MAR) SA 68.56 SL 68.45 Target 68.66 / 68.74 / 68.82
12.04 Pm : Sell USDINR (MAR) SB 68.40 SL 68.51 Target 68.30 / 68.22 / 68.14
 USDINR (MAR) : INTRADAY TREND : DOWN SL : 68.95 

 12.04 Pm : Buy EURINR (MAR) SA 74.67 SL 74.56 Target 74.77 / 74.85 / 74.93
12.04 Pm : Sell EURINR (MAR) SB 74.51 SL 74.62 Target 74.41 / 74.33 / 74.25
 EURINR (MAR) : INTRADAY TREND : DOWN SL : 75.00 

 12.04 Pm : Buy GBPINR (MAR) SA 95.60 SL 95.49 Target 95.70 / 95.78 / 95.86
12.04 Pm : Sell GBPINR (MAR) SB 95.44 SL 95.55 Target 95.34 / 95.26 / 95.18
 GBPINR (MAR) : INTRADAY TREND : UP SL : 95.45 

 12.04 Pm : Buy JPYINR (MAR) SA 60.83 SL 60.72 Target 60.93 / 61.01 / 61.09
12.04 Pm : Sell JPYINR (MAR) SB 60.67 SL 60.78 Target 60.57 / 60.49 / 60.41
 JPYINR (MAR) : INTRADAY TREND : DOWN SL : 61.10 
Posted by

Hot Currency Calls, 3rd Session: 1.Mar.2016

 REGISTER FOR FREE CURRENCY TIPS - http://rupeedesk.in/rupeedeskfree-calls 
 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

 11.07 Am : Buy USDINR (MAR) SA 68.67 SL 68.56 Target 68.77 / 68.85 / 68.93
11.07 Am : Sell USDINR (MAR) SB 68.51 SL 68.62 Target 68.41 / 68.33 / 68.25
 USDINR (MAR) : INTRADAY TREND : DOWN SL : 68.95 

 11.07 Am : Buy EURINR (MAR) SA 74.73 SL 74.62 Target 74.83 / 74.91 / 74.99
11.07 Am : Sell EURINR (MAR) SB 74.57 SL 74.68 Target 74.47 / 74.39 / 74.31
 EURINR (MAR) : INTRADAY TREND : DOWN SL : 75.00 

 11.07 Am : Buy GBPINR (MAR) SA 95.68 SL 95.57 Target 95.78 / 95.86 / 95.94
11.07 Am : Sell GBPINR (MAR) SB 95.52 SL 95.63 Target 95.42 / 95.34 / 95.26
 GBPINR (MAR) : INTRADAY TREND : UP SL : 95.45 

 11.07 Am : Buy JPYINR (MAR) SA 60.98 SL 60.87 Target 61.08 / 61.16 / 61.24
11.07 Am : Sell JPYINR (MAR) SB 60.82 SL 60.93 Target 60.72 / 60.64 / 60.56
 JPYINR (MAR) : INTRADAY TREND : DOWN SL : 61.10 
Posted by

Online Free Currency Calls, 2nd Session: 1.Mar.2016

 REGISTER FOR FREE CURRENCY TIPS - http://rupeedesk.in/rupeedeskfree-calls 
 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

 10.08 Am : Buy USDINR (MAR) SA 68.72 SL 68.61 Target 68.82 / 68.90 / 68.98
10.08 Am : Sell USDINR (MAR) SB 68.56 SL 68.67 Target 68.46 / 68.38 / 68.30
 USDINR (MAR) : INTRADAY TREND : DOWN SL : 68.95 

 10.08 Am : Buy EURINR (MAR) SA 74.78 SL 74.67 Target 74.88 / 74.96 / 75.04
10.08 Am : Sell EURINR (MAR) SB 74.62 SL 74.73 Target 74.52 / 74.44 / 74.36
 EURINR (MAR) : INTRADAY TREND : DOWN SL : 75.00 

 10.08 Am : Buy GBPINR (MAR) SA 95.71 SL 95.60 Target 95.81 / 95.89 / 95.97
10.08 Am : Sell GBPINR (MAR) SB 95.55 SL 95.66 Target 95.45 / 95.37 / 95.29
 GBPINR (MAR) : INTRADAY TREND : UP SL : 95.45 

 10.08 Am : Buy JPYINR (MAR) SA 61.00 SL 60.89 Target 61.10 / 61.18 / 61.26
10.08 Am : Sell JPYINR (MAR) SB 60.84 SL 60.95 Target 60.74 / 60.66 / 60.58
 JPYINR (MAR) : INTRADAY TREND : DOWN SL : 61.10 
Posted by

Free Mcxsx Currency Tips, 1st Session: 1.Mar.2016

REGISTER FOR FREE CURRENCY TIPS - http://rupeedesk.in/rupeedeskfree-calls 
 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

 9.05 Am : Buy USDINR (MAR) SA 68.69 SL 68.58 Target 68.79 / 68.87 / 68.95
9.05 Am : Sell USDINR (MAR) SB 68.53 SL 68.64 Target 68.43 / 68.35 / 68.27
 USDINR (MAR) : INTRADAY TREND : DOWN SL : 68.95 

 9.05 Am : Buy EURINR (MAR) SA 74.76 SL 74.65 Target 74.86 / 74.94 / 75.02
9.05 Am : Sell EURINR (MAR) SB 74.60 SL 74.71 Target 74.50 / 74.42 / 74.34
 EURINR (MAR) : INTRADAY TREND : DOWN SL : 75.00 

 9.05 Am : Buy GBPINR (MAR) SA 95.73 SL 95.62 Target 95.83 / 95.91 / 95.99
9.05 Am : Sell GBPINR (MAR) SB 95.57 SL 95.68 Target 95.47 / 95.39 / 95.31
 GBPINR (MAR) : INTRADAY TREND : UP SL : 95.45 

 9.05 Am : Buy JPYINR (MAR) SA 61.11 SL 61.00 Target 61.21 / 61.29 / 61.37
9.05 Am : Sell JPYINR (MAR) SB 60.95 SL 61.06 Target 60.85 / 60.77 / 60.69
 JPYINR (MAR) : INTRADAY TREND : DOWN SL : 61.10
Posted by

1.Mar.2016 - INDIAN CURRENCY INTRADAY SUPPORT RESISTANCE LEVELS

USDINR ( 29-Mar-16 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 68.62 / 68.46 / 68.20 . And the upperside, it has Strong Resistance @ 68.88 upperside, it may test Resistance Levels such as 69.05 / 69.30 / 69.47 . Currently USDINR is Trading @ 68.79

 EURINR ( 29-Mar-16 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 74.63 / 74.36 / 73.86 . And the upperside, it has Strong Resistance @ 75.13 upperside, it may test Resistance Levels such as 75.40 / 75.90 / 76.17 . Currently EURINR is Trading @ 74.90

 GBPINR ( 29-Mar-16 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 95.05 / 94.77 / 94.33 . And the upperside, it has Strong Resistance @ 95.49 upperside, it may test Resistance Levels such as 95.77 / 96.21 / 96.49 . Currently GBPINR is Trading @ 95.33

 JPYINR ( 29-Mar-16 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 60.67 / 60.45 / 60.14 . And the upperside, it has Strong Resistance @ 60.98 upperside, it may test Resistance Levels such as 61.20 / 61.51 / 61.73 . Currently JPYINR is Trading @ 60.90 
Posted by

1.Mar.2016 - FREE CURRENCY USDINR OPTION TIPS

Currency USDINR CALL Option Tips 
( Paper Trading Practice for Currency Option Tips 
Register For Free Currency OptionTips Trial: http://rupeedesk.in/rupeedeskfree-calls 
STRIKE 68.00 CE : Buy USDINR (MAR) Call Option SA 1.01 SL 0.93 Target 1.05 / 1.08 / 1.12
STRIKE 68.00 CE : Sell USDINR (MAR) Call Option SB 0.85 SL 0.93 Target 0.81 / 0.78 / 0.74

 STRIKE 68.50 CE : Buy USDINR (MAR) Call Option SA 0.67 SL 0.59 Target 0.71 / 0.74 / 0.78
STRIKE 68.50 CE : Sell USDINR (MAR) Call Option SB 0.51 SL 0.59 Target 0.47 / 0.44 / 0.40

 STRIKE 69.00 CE : Buy USDINR (MAR) Call Option SA 0.43 SL 0.35 Target 0.47 / 0.50 / 0.54
STRIKE 69.00 CE : Sell USDINR (MAR) Call Option SB 0.27 SL 0.35 Target 0.23 / 0.20 / 0.16

 STRIKE 69.50 CE : Buy USDINR (MAR) Call Option SA 0.28 SL 0.20 Target 0.32 / 0.35 / 0.39
STRIKE 69.50 CE : Sell USDINR (MAR) Call Option SB 0.12 SL 0.20 Target 0.08 / 0.05 / 0.01

 STRIKE 70.00 CE : Buy USDINR (MAR) Call Option SA 0.19 SL 0.11 Target 0.23 / 0.26 / 0.30

Currency USDINR CALL Option Tips 
( Paper Trading Practice for Currency Option Tips) 
Register For Free Currency OptionTips Trial: http://rupeedesk.in/rupeedeskfree-calls 
STRIKE 68.00 PE : Buy USDINR (MAR) Put Option SA 0.24 SL 0.16 Target 0.28 / 0.31 / 0.35

STRIKE 68.50 PE : Buy USDINR (MAR) Put Option SA 0.39 SL 0.31 Target 0.43 / 0.46 / 0.50
STRIKE 68.50 PE : Sell USDINR (MAR) Put Option SB 0.23 SL 0.31 Target 0.19 / 0.16 / 0.12

 STRIKE 69.00 PE : Buy USDINR (MAR) Put Option SA 0.65 SL 0.57 Target 0.69 / 0.72 / 0.76
STRIKE 69.00 PE : Sell USDINR (MAR) Put Option SB 0.49 SL 0.57 Target 0.45 / 0.42 / 0.38

 STRIKE 69.50 PE : Buy USDINR (MAR) Put Option SA 1.00 SL 0.92 Target 1.04 / 1.07 / 1.11
STRIKE 69.50 PE : Sell USDINR (MAR) Put Option SB 0.84 SL 0.92 Target 0.80 / 0.77 / 0.73

 STRIKE 70.00 PE : Buy USDINR (MAR) Put Option SA 1.41 SL 1.33 Target 1.45 / 1.48 / 1.52
STRIKE 70.00 PE : Sell USDINR (MAR) Put Option SB 1.25 SL 1.33 Target 1.21 / 1.18 / 1.14 

Posted by

1.Mar.2016 - FREE INTEREST RATE FUTURES TIPS

Interest Rate Futures - RUPEEDESK 
( Paper Trading Practice for Currency Segment Interest Rate Futures (IRF) Bond Futures) 
 REGISTER FOR FREE INTEREST RATE FUTURES - WHATSAPP NO : +91- 9841986753 

 8:00 AM : Buy 840GS2024 (MAR) SA 102.28 SL 102.17 Target 102.38 / 102.46 / 102.54
8:00 AM : Sell 840GS2024 (MAR) SB 102.12 SL 102.23 Target 102.02 / 101.94 / 101.86

 8:00 AM : Buy 772GS2025 (MAR) SA 99.49 SL 99.38 Target 99.59 / 99.67 / 99.75
8:00 AM : Sell 772GS2025 (MAR) SB 99.33 SL 99.44 Target 99.23 / 99.15 / 99.07

 8:00 AM : Buy 759GS2026 (MAR) SA 99.72 SL 99.61 Target 99.82 / 99.90 / 99.98
8:00 AM : Sell 759GS2026 (MAR) SB 99.56 SL 99.67 Target 99.46 / 99.38 / 99.30

 8:00 AM : Buy 759GS2029 (MAR) SA 95.48 SL 95.37 Target 95.58 / 95.66 / 95.74
8:00 AM : Sell 759GS2029 (MAR) SB 95.32 SL 95.43 Target 95.22 / 95.14 / 95.06

 8:00 AM : Buy 788GS2030 (MAR) SA 98.78 SL 98.67 Target 98.88 / 98.96 / 99.04
8:00 AM : Sell 788GS2030 (MAR) SB 98.62 SL 98.73 Target 98.52 / 98.44 / 98.36

Posted by

29.Feb.2016: Profit 10 Paise in JPYINR TIPS, CURRENCY PREMIUM PACK TODAY


Register for Premium Pack : Click Here
JPYINR SHORT CALL ACHIEVED (Profit 10 Paise)

SHORT JPYINR SB 60.91 SL 61.16 TGT 60.81 / 60.69 / 60.55
Register for Economy Pack : Get Free Trial 2 days

*******************************************************


JPYINR SHORT CALL ACHIEVED (Profit 10 Paise)
Posted by

29.Feb.2016: Profit 32 Paise in GBPINR TIPS, CURRENCY PREMIUM PACK TODAY


Register for Premium Pack : Click Here
GBPINR SHORT CALL ACHIEVED (Profit 32 Paise)


SHORT GBPINR SB 95.54 SL 95.79 TGT 95.44 / 95.33 / 95.22
Register for Economy Pack : Get Free Trial 2 days

*******************************************************


GBPINR SHORT CALL ACHIEVED (Profit 32 Paise)

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29.Feb.2016: Profit 34 Paise in EURINR TIPS, CURRENCY PREMIUM PACK TODAY

Register for Premium Pack : Click Here
EURINR SHORT CALL ACHIEVED (Profit 34 Paise


SHORT EURINR SB 75.24 SL 75.49 TGT 75.14 / 75.02 / 74.90

Register for Economy Pack : Get Free Trial 2 days
*******************************************************


EURINR SHORT CALL ACHIEVED (Profit 34 Paise
Posted by

29.Feb.2016: Profit 28 Paise in USDINR TIPS, CURRENCY PREMIUM PACK TODAY


Register for Premium Pack : Click Here
USDINR SHORT CALL ACHIEVED (Profit 28 Paise)


SHORT USDINR SB 69.05 SL 69.30 TGT 68.97 / 68.87 / 68.77

Register for Economy Pack : Get Free Trial 2 days

*********************************************************************************

USDINR SHORT CALL ACHIEVED (Profit 28 Paise)
Posted by

FREE CURRENCY STBT TIPS : 29.Feb.2016

FREE CURRENCY FOREX TIPS - RUPEEDESK 
 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 
 REGISTER FOR FREE CURRENCY TIPS - http://rupeedesk.in/rupeedeskfree-calls 
Sell USDINR (MAR) SB 68.68 SL 68.7900 Target 68.5800 / 68.5000 / 68.42
Sell EURINR (MAR) SB 74.85 SL 74.9600 Target 74.7500 / 74.6700 / 74.59
Sell GBPINR (MAR) SB 95.17 SL 95.2800 Target 95.0700 / 94.9900 / 94.91
Sell JPYINR (MAR) SB 60.78 SL 60.8900 Target 60.6800 / 60.6000 / 60.52 
Posted by

FREE CURRENCY BTST TIPS : 29.Feb.2016

FREE CURRENCY FOREX TIPS - RUPEEDESK 
 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 
 REGISTER FOR FREE CURRENCY TIPS - http://rupeedesk.in/rupeedeskfree-calls 
Buy USDINR (MAR) SA 68.84 SL 68.7300 Target 68.9400 / 69.0200 / 69.10
Buy EURINR (MAR) SA 75.01 SL 74.9000 Target 75.1100 / 75.1900 / 75.27
Buy GBPINR (MAR) SA 95.33 SL 95.2200 Target 95.4300 / 95.5100 / 95.59
Buy JPYINR (MAR) SA 60.94 SL 60.8300 Target 61.0400 / 61.1200 / 61.20
Posted by

Currency Chart Tips, 10th Session: 29.Feb.2016


Posted by

Eurinr Intraday Calls, 9th Session: 29.Feb.2016

REGISTER FOR FREE CURRENCY TIPS - http://rupeedesk.in/rupeedeskfree-calls 
 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

 4.04 Pm : Buy USDINR (MAR) SA 68.87 SL 68.76 Target 68.97 / 69.05 / 69.13
4.04 Pm : Sell USDINR (MAR) SB 68.71 SL 68.82 Target 68.61 / 68.53 / 68.45
 USDINR (MAR) : INTRADAY TREND : DOWN SL : 69.00 

 4.04 Pm : Buy EURINR (MAR) SA 75.10 SL 74.99 Target 75.20 / 75.28 / 75.36
4.04 Pm : Sell EURINR (MAR) SB 74.94 SL 75.05 Target 74.84 / 74.76 / 74.68
 EURINR (MAR) : INTRADAY TREND : DOWN SL : 75.40 

 4.04 Pm : Buy GBPINR (MAR) SA 95.37 SL 95.26 Target 95.47 / 95.55 / 95.63
4.04 Pm : Sell GBPINR (MAR) SB 95.21 SL 95.32 Target 95.11 / 95.03 / 94.95
 GBPINR (MAR) : INTRADAY TREND : DOWN SL : 95.60 

 4.04 Pm : Buy JPYINR (MAR) SA 60.98 SL 60.87 Target 61.08 / 61.16 / 61.24
4.04 Pm : Sell JPYINR (MAR) SB 60.82 SL 60.93 Target 60.72 / 60.64 / 60.56
 JPYINR (MAR) : INTRADAY TREND : DOWN SL : 61.10 

Posted by

Free Intraday Usdinr Tips, 8th Session: 29.Feb.2016

 REGISTER FOR FREE CURRENCY TIPS - http://rupeedesk.in/rupeedeskfree-calls 
 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

 3.00 Pm : Buy USDINR (MAR) SA 68.85 SL 68.74 Target 68.95 / 69.03 / 69.11
3.00 Pm : Sell USDINR (MAR) SB 68.69 SL 68.80 Target 68.59 / 68.51 / 68.43
 USDINR (MAR) : INTRADAY TREND : DOWN SL : 69.15 

 3.00 Pm : Buy EURINR (MAR) SA 75.13 SL 75.02 Target 75.23 / 75.31 / 75.39
3.00 Pm : Sell EURINR (MAR) SB 74.97 SL 75.08 Target 74.87 / 74.79 / 74.71
 EURINR (MAR) : INTRADAY TREND : DOWN SL : 75.50 

 3.00 Pm : Buy GBPINR (MAR) SA 95.49 SL 95.38 Target 95.59 / 95.67 / 95.75
3.00 Pm : Sell GBPINR (MAR) SB 95.33 SL 95.44 Target 95.23 / 95.15 / 95.07
 GBPINR (MAR) : INTRADAY TREND : DOWN SL : 95.80 

 3.00 Pm : Buy JPYINR (MAR) SA 60.97 SL 60.86 Target 61.07 / 61.15 / 61.23
3.00 Pm : Sell JPYINR (MAR) SB 60.81 SL 60.92 Target 60.71 / 60.63 / 60.55
 JPYINR (MAR) : INTRADAY TREND : DOWN SL : 61.20 
Posted by

Highlights of Union Budget for the Fiscal Year 2016-2017

(www.rupeedesk.in)
Highlights of Union Budget for the fiscal year that begins on April 1.2016

 FISCAL DEFICIT 

 * Fiscal deficit seen at 3.9 percent of GDP in 2015/16 

 * Fiscal deficit seen at 3.5 percent of GDP in 2016/17 

 * Plan expenditure seen at Rs 5.5 trillion in 2016/17 

 * Proposes to set up panel to review fiscal responsibility management act 

 RURAL ECONOMY 

 * Rural jobs programme allocated Rs 385 billion rupees ($5.61 billion) in 2016/17 

 * Farmer welfare budget to total Rs 359.84 billion  

 * Rural road development to get Rs 190 billion 

 * Target of agriculture credit at Rs 9 trillion 

 * Interest subvention towards farm loans at Rs 150 billion 

 POLICY REFORMS 

 * Bankruptcy code for financial firms to be introduced in parliament in 2016/17 

 * RBI act is being amended for implementing monetary policy framework 

 * To list general insurances companies on stock exchanges 

 BANKING REFORMS 

 * Government to infuse Rs 250 billion capital into state-run banks in 2016/17; will find resources for additional capital for banks if required 

 TAXATION 

 * Will not resort to retrospective taxation in future; one time tax dispute resolution proposed for retrospective taxation 

 * To rationalise corporate tax for new manufacturing companies 

 * To implement general anti avoidance tax rule from April 1, 2017 

 * Security transaction tax on options raised to 0.05 percent 

 * Proposes to levy infrastructure cess of 1-4 percent on certain models of cars

  * Raises factory gate tax on various tobacco products by 10-15 percent 

 * Proposes limited compliance window on undeclared income of domestic tax payers 

 * Proposes new dispute resolution scheme to resolve tax disputes 

 * Proposes to abolish 13 different levies 

 BORROWING 

 * Gross market borrowing seen at 6 trln rupees for 2016/17 

 INFRASTRUCTURE 

 * Allocates Rs 2.21 trillion for infrastructure development for 2016/17 

 * Allocation for roads and highways development at Rs 550 billion  

 * Capital expenditure on roads and rail development at Rs 2.18 trillion 

 INVESTMENT 

 * 100 percent foreign direct investment to be allowed in food processing industry 

 * Promises further reforms in foreign direct investment policy in insurance, pension, asset recast companies 

 DIVESTMENT 

 * To encourage central public enterprises to divest own assets for raising resources for new projects 

 MARKET REACTION 

 * India's benchmark 10-year bond yield falls 5-6 bps as Jaitley sets 2016/17 fiscal deficit target at 3.5 percent of GDP 

 * India's state-owned banks shares pare gains after Jaitley announces lower-than-expected capital infusion; SBI down 0.5 percent 

 * Indian rupee gains sharply to 68.61/dollar from around 68.70 levels on 2016/17 fiscal deficit target

 (www.rupeedesk.in)
Posted by

Free Currency Calls, 7th Session: 29.Feb.2016


 REGISTER FOR FREE CURRENCY TIPS - http://rupeedesk.in/rupeedeskfree-calls 
 ( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR ) 

 2.08 Pm : Buy USDINR (MAR) SA 68.93 SL 68.82 Target 69.03 / 69.11 / 69.19
2.08 Pm : Sell USDINR (MAR) SB 68.77 SL 68.88 Target 68.67 / 68.59 / 68.51
 USDINR (MAR) : INTRADAY TREND : DOWN SL : 69.20 

 2.08 Pm : Buy EURINR (MAR) SA 75.28 SL 75.17 Target 75.38 / 75.46 / 75.54
2.08 Pm : Sell EURINR (MAR) SB 75.12 SL 75.23 Target 75.02 / 74.94 / 74.86
 EURINR (MAR) : INTRADAY TREND : DOWN SL : 75.60 

 2.08 Pm : Buy GBPINR (MAR) SA 95.55 SL 95.44 Target 95.65 / 95.73 / 95.81
2.08 Pm : Sell GBPINR (MAR) SB 95.39 SL 95.50 Target 95.29 / 95.21 / 95.13
 GBPINR (MAR) : INTRADAY TREND : DOWN SL : 95.90 

 2.08 Pm : Buy JPYINR (MAR) SA 60.97 SL 60.86 Target 61.07 / 61.15 / 61.23
2.08 Pm : Sell JPYINR (MAR) SB 60.81 SL 60.92 Target 60.71 / 60.63 / 60.55
 JPYINR (MAR) : INTRADAY TREND : UP SL : 60.85 
Posted by

Sunday, February 28, 2016

RBI REFERENCE RATE FOR INDIAN CURRENCY TODAY: 29.Feb.2016

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RBI REFERENCE RATE

As on 29.Feb.2016 at 12.00Pm Hrs(IST)

USDINR : 68.6160
EURINR : 75.0796
GBPINR : 95.1978
JPYINR  : 60.7800
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