0
TT Selling rates are always higher than the TT Buying rates as the difference between the two is the spread a bank keeps. This spread is kept to cover the exchange risk that the bank has as well as the charge to provide the service. In case of USD/INR if the rates quoted in the market is 56.01/02, it essentially means when we sell USD (we received from abroad) to a bank, the rate quoted will be 56.01 (minus) an exchange margin that the bank might keep. On the other hand, when we buy USD (we are to make payment to a party abroad) from a bank, the rate quoted will be 56.02 (plus) an exchange margin that the bank might keep. The exchange margin mentioned here may differ from client to client depending upon the relationship that the bank has with the client.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
How much is rs 3490 in us money?
At the current rate about $60. The conversion rate is quite volatile. It also depends on whether you are buying or selling and using which organisation.
What is the primary tool used by the Federal Reserve when it responds to economic booms and recessions?
The primary tool used by the Federal Reserve when it responds to economic boons and recessions is the buying and selling of bonds in open market operations.The buying and selling of bonds in open market operations is the primary tool used by the Federal Reserve when it responds to economic booms and recessions.
The cost of overhead minus selling price?
The cost of overhead minus the selling price is a loss. The selling price is typically large enough to include materials and profit.
What is the federal funds overnight rate?
The federal funds rate is the rate which banks charge one another for overnight loans used to provide needed capital to meet reserve requirements. The federal funds rate is the rate which the federal reserve may adjust thru open market operations such as the buying and selling of US treasuries. As of March 2010, the federal funds rate hovers between 0 and .25%.
Why government intervene in the foreign exchange rate market?
The primary reason why any gov't would intervene in the FX markets is to effect their monetary policy directly onto the value of their currency against other currencies (the exchange rate). The reasons why a gov't want to do this are plenty, but the usual reasons are:1) Affect the current price of goods domestically.2) Encourageimportsor exports, depending on the goods.3) Stimulate the local economy4) Stimulate the economy of a friendly emerging nation.There are times where just the news of a change is enough to effect a significant outcome in the exchange rate. But other times, direct buying/selling or trading of currency notes(or currency equivalent like bonds and otherpromissorynotes)
What is the buying and selling rate of 22ct gold in chennai?
selling price gold
Is there a penalty for selling or liquidating your stocks?
No. Buying and selling stocks is normal and acceptable. There is a higher tax rate on money gained by selling stocks owned a short time. There is a very small SEC fee added to stock sales.
What is Two way exchange quotes?
The buying rate & selling rate in foreign exchange market.
How much is rs 3490 in us money?
At the current rate about $60. The conversion rate is quite volatile. It also depends on whether you are buying or selling and using which organisation.
What is the selling price of a makita 12v?
To check the going rate of an item that you are buying, you can check your local hardware store's Website or sites such as Amazon. To check the going rate of an item that you are selling, Craigslist ads and checking eBay's completed listings will give you the current going price in your area or for selling online.
Do short selling stocks have a higher or lower return rate?
Short selling stocks is risky because there are no guarantees of what the market share will be after the sell. The return rate could be high or low, depending on if the stocks fell as predicted.
What is the Australian dollar currency selling rate in India?
What is Australian Dollar Selling rate in India?
How many dollars Canadian is 1 pound?
The rate varies a lot over time - I've seen it as high as $2.80+ and as low as $1.50. It also depends on whether you're buying or selling pounds; you'll get a higher rate (pounds to dollars) if you're buying than if you're selling. There are many web sites offering currency conversion rates which you can find through your favorite search engine. Over the last 30 years or so, the pound has tended to be around $2.20 to $2.30 dollars.
Why are birth rates higher than death rates in INDIA?
culture and belief in having a son is better than having daughters are reasons for high birth rate. good health care service and technology are reasons for low death rate.
Reasons for abnormal pulse rate?
What is abnormal pulse rate is not the same as reasons for it!!
What is 35 20 percent?
20% is 1/5 so 4/5 x 35 = 28 Are you buying, or selling?
What is the primary tool used by the Federal Reserve when it responds to economic booms and recessions?
The primary tool used by the Federal Reserve when it responds to economic boons and recessions is the buying and selling of bonds in open market operations.The buying and selling of bonds in open market operations is the primary tool used by the Federal Reserve when it responds to economic booms and recessions.
