Showing posts with label rupee. Show all posts
Showing posts with label rupee. Show all posts

07 February 2018

Long Term Capital Gains Tax On Equity: 10 points

1. Long term capital gains mean gains arising from the transfer of long-term capital asset. The Finance Bill, 2018 proposes to provide for a new long-term capital gains tax regime for the following assets: Equity Shares in a company listed on a recognized stock exchange; Unit of an equity oriented fund; and Unit of a business trust. The proposed tax applies to the above assets, if the assets are held for a minimum period of twelve months from the date of acquisition; and the Securities Transaction Tax (STT) is paid at the time of transfer. However, in the case of equity shares acquired after 1.10.2004, STT is required to be paid even at the time of acquisition (subject to notified exemptions).

17 October 2017

Currency Future Strategy happy diwali

currency aar

• The Indian rupee was on a roar till mid of September and tested 63.57 levels gaining over six per cent since the start of 2017, mainly helped by a sharp fall in the US dollar index.

• Forex space has witnessed increased volatility so far this year due to central banks action, Brexit talks, Trump’s administration issues, the US Fed actions as well as the geo political worries.

• The US dollar index has witnessed an unchallenged downtrend and lost against the other major currencies almost every single month in 2017. It has fallen around nine per cent since the start of 2017.

• Dollar index has seen a fall for three straight quarters and it is near to its key support levels, we expect some recovery, even though it may be sluggish towards the end of the year. This will support the USDINR pair and lead to some upside in the same.

• The strategy will be to buy on dips around the 64.20 mark (Futures) keeping stops placed below 63.50 for targets of 66.00-66.40.

We here by roll out a special report on the Indian Rupee this Diwali, covering various factors that will impact its movement going forward.

Wishing you all a Happy Diwali !!

Source : Religare Broking 

06 October 2017

Devalue rupee or provide stimulus:

The government has limited fiscal space due to a variety of factors like uncertainty on the quantum of indirect tax collections in the wake of massive supply chain disruptions and changeover to a new system in the wake of GST roll-out, which nearly halves the dividends from RBI versus last financial year.

aarpamoney rupee

Ajay Bodke
Prabhudas Lilladher Pvt. Ltd
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