RBI Alert List : THESE forex trading platforms are not authorised to deal in foreign currency

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If you regularly invest in foreign exchange (forex), then make sure you do so through genuine and authorised trading platforms. There could be a scenario wherein a fake trading platform entices you into investing in foreign currency pairs. The Reserve Bank of India (RBI) recently updated its Alert list to warn investors against investing via these spurious platforms. The latest additions to the unauthorised forex trading platforms include the following: 1. Ranger Capital rangercapital.net 2. TDFX tdfx.exchange 3. Inefex inefex.com/international 4. YorkerFX yorkermarkets.com 5. Growline grow-line.org 6. Think Markets thinkmarkets.com 7. Smart Prop Trader smartproptrader.com 8. FundedNext fundednext.com 9. Weltrade weltrade.com

The Indian Rupee’s Plunge: A Global Trend or a Domestic Issue? The Indian rupee’s sharp decline has sparked debate about the causes of the fall. While some attribute it to global economic trends, others point to domestic factors. In this article, we will delve into the possible reasons behind the rupee’s plunge and explore the implications of this trend. ### Global Economic Trends

The Indian rupee’s decline is not an isolated incident. Several Asian currencies, including the Japanese yen and the South Korean won, have also experienced significant depreciation in recent months. This trend is largely attributed to the weakening of the US dollar, which has been on a downward trajectory since the COVID-19 pandemic. Factors contributing to the US dollar’s decline include: + Rising inflation rates in the US + A decline in the value of the US Treasury bond + A decrease in the US current account deficit + A strengthening of the euro and other major currencies The weakening of the US dollar has a ripple effect on other currencies, including the Indian rupee. As the US dollar loses value, other currencies tend to appreciate in value, making imports cheaper and exports more expensive. This can lead to a decline in the value of the rupee.

Domestic Factors

However, some experts argue that the rupee’s decline is not solely due to global economic trends.

In another development, India’s foreign exchange reserves early this month surpassed the $700 billion milestone for the first time on record, extending its winning streak to seven straight weeks.

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