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...
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...
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...
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.
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...
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...