Dollar: Dollar shortage may impact foreign exchange borrowing companies

[ad_1] Mumbai: Signs of Dollar Shortage is emerging in India and many companies borrowing foreign currency may face some adverse conditions, according to the central bank’s Financial Stability Report (FSR) Told. “Signs of tension are also emerging in short-term dollar financing,” it said. “With the announcement of sanctions, the forward rate agreement – ​​the overnight indexed swap spread – how expensive or cheap it will be for banks to borrow in the interbank market relative to the risk-free rate – has widened along with the spread of non-financial commercial letter,”…

Volatility in global markets, Fed’s strong impact on Dalal Street

[ad_1] MUMBAI: The Indian stock market is likely to remain under pressure earlier this week, reflecting a fall in US markets on Friday, which is higher than expected in May. consumer Inflation reading. Investors fear intensified flamboyant The US Fed at its rate-setting meeting on June 15 vowed to raise dollar and bond yields, to control inflation (at 40-year high). Analysts say a possible selloff may test the long support near 15,800 level nifty This week. On Friday, the Indian stock Nifty closed at 16,200, while the rupee closed at…

Pandemic impact: digital transition still a work in progress

[ad_1] Digital transformation is not a new imperative for business leaders, but COVID-19 has made it all the more urgent, with companies looking to enhance their agility, speed and data-driven decision making. At the recent Sapphire conference held in Orlando, Florida, German enterprise software maker SAP announced innovations in four key areas that will help its customers accelerate their transformation journey with cloud-based solutions. Scott Russell, Executive Board Member of Customer Success at SAP, said, “For the past 50 years, SAP has been helping customers around the world optimize their…

5 steps you can take to reduce the impact of home loan on your tax planning

[ad_1] While buying a home of its own is a dream for many, it cannot be ignored that there is a lot of social pressure on the young earners at this time… The good thing is that the government has given various tax concessions over the years to boost the real estate activity. These concessions coupled with easy availability of loans have made it easy for people to buy a home early in life. For a young earner, buying a home is a huge commitment, which results in taking out…