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Showing posts from June, 2011

Do you know how RBI Computes and Disseminates RBI Reference Rate daily

                             The Reserve Bank of India compiles and publishes on a daily basis reference rates for Spot USD-INR and Spot EUR-INR. Under the existing methodology, the rates are arrived at by averaging the mean of the bid/ offer rates polled from a few select banks around 12 noon every week-day (excluding Saturdays). The contributing banks are selected on the basis of their standing, market-share in the domestic foreign exchange market and representative character. The Reserve Bank periodically reviews the procedure for selecting the banks and the methodology of polling so as to ensure that the reference rate is a true reflection of the market activity. Accordingly, it has been decided to revise the existing methodology, the details of which are as under:      • The rates will be polled from the select list of contributing banks at a randomly chosen five minute window betwe...

360° Financial Plan

How do I get my personalised 360° Financial Plan created? Here’ is how Financial Plans are prepared: * The process begins with identifying your needs with the help of the Need Analysis Form * Our Financial Planners then use the especially-created 360° Financial Planning software to generate a personalized Snapshot. * The Snapshot gives you a graphic account of all your financial requirements, at eve Why do you need Bajaj Capital's 360° Financial Planning? You may have many dreams, needs and desires. For example, you could be dreaming of: * Owning a new car * Buying a dream house * Providing your children with the best education * Planning a grand wedding for your children * Having a great time after your retirement But in today's world of skyrocketing costs and increasing inflation, how many of these dreams can you hope to turn into reality? By planning well, you can utilize your limited resources to the fullest. 360° Financial Planning helps you see the big pi...