1) From midnight, the Rs 500 and Rs 1000 will cease to be legal tender. 2) The 500 and 1000 Rs notes can be submitted to the post offices and banks from 10th November to 30th December. 3) Those who can’t sumbit the notes within the deadline, can exchange it at Reserve Bank of India by providing a declaration. 4) On November 9 and in some places November 10, ATMs […]

Beijing: Faced with sluggish economic growth and dwindling exports, China today devalued its currency for the second consecutive day, sending fresh shock waves through global markets and fuelling fears of a currency war as jittery Asian neighbours came under pressure to devalue as well. The central parity rate of renminbi, or yuan, weakened by 1,008 basis points, or 1.6 per cent, to 6.3306 against the US dollar, narrowing from yesterday’s […]

Many a times financial market moves are very closely linked to certain economic development or outcome and several traders try to cash in on the opportunity thus created. Be it stocks, currency or commodities, economic developments have a bearing on financial markets of all kind and more often than not we see the economic outcomes distinctly creating a specific trade opportunity. A calendar or document that keeps a tab on […]