Travelling overseas is exciting because of the chance to experience new cultures, indulge in delicious cuisine, and make lifelong memories. But in all of the careful preparation and packing, one important component is frequently overlooked: carrying foreign currency...
Blogs
Currency Forward Contract | Definition, Booking, Cancellation & Basic Requirements
What Is a Currency Forward Contract? A currency forward contract can be defined as buying or selling a specific currency at a specified future price for delivery on a specified future date. Who Can Book a Currency Forward Contract? Any importer or exporter having...
Limit of foreign currency one can take abroad for travel, business and education purpose
Traveling Abroad? Here's How Much Foreign Currency You Can Take Planning a trip abroad? Whether it's a family vacation, a business meeting, or studies, there are limits on how much foreign currency you can take with you from India. This guide will outline the...
10 powerful strategies of booking currency forward contract for exporters
Booking a currency forward contract hedges your adverse currency movement risk, but by adopting the following strategies you may earn good profits out of it.
Tax collected at source (TCS) on remitting money abroad under liberalized remittance scheme (LRS)
The tax collected at source (TCS) on remitting money abroad under a liberalized remittance scheme (LRS) What is TCS? - Tax Collected at source is the excess amount collected in the form of tax by the seller of goods from the buyer at the time of selling of goods over...
Unveiling the World’s Strongest Currencies: The Global Economic Powerhouses of 2024
In the ever-changing landscape of global economies, currencies play a pivotal role in defining a nation’s financial strength and global influence. As we step into 2024, it’s time to explore the top 10 most powerful currencies that are dominating the international...
Understanding Overseas Direct Investment (ODI) and Latest RBI Guidelines for Indian Investors
Unveiling the Best Dollar to Rupee Live Rates with IBRLive: A Comprehensive Review
In today's interconnected global economy, staying updated with live currency exchange rates is paramount, especially when dealing with the ever-fluctuating dynamics between the US dollar and the Indian rupee. For those seeking real-time insights into the dollar to...
How to Avoid Paying Takeover Charges When Switching Banks?
In the realm of corporate financial consultancy, one unfortunate trend persists within the Indian banking culture. When corporate clients decide to shift their credit facilities to another bank for better services and competitive pricing, their existing bankers...
Ultimate Guide to NRI Status: Everything You Need to Know About Taxes, Remittances, and Accounts
Non-resident Indians (NRI) are individuals who are of Indian origin and are living abroad. An NRI is a person who has lived outside India for more than 182 days in a financial year or who has left India with the intention of residing outside the country for an...
Popular Posts
Why it is important to carry foreign cash memo while traveling abroad?
Travelling overseas is exciting because of the chance to experience new cultures, indulge in delicious cuisine, and make lifelong memories. But in all of the careful preparation and packing, one important component is frequently overlooked: carrying foreign currency...
Currency Forward Contract | Definition, Booking, Cancellation & Basic Requirements
What Is a Currency Forward Contract? A currency forward contract can be defined as buying or selling a specific currency at a specified future price for delivery on a specified future date. Who Can Book a Currency Forward Contract? Any importer or exporter having...
Limit of foreign currency one can take abroad for travel, business and education purpose
Traveling Abroad? Here's How Much Foreign Currency You Can Take Planning a trip abroad? Whether it's a family vacation, a business meeting, or studies, there are limits on how much foreign currency you can take with you from India. This guide will outline the...