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Monthly Archives

February 2019

As the year 2018 draws to a close, the value of the Indian Rupee continues to plummet. Losing more than 60% of its value since 2010, it has been continuously depreciating against the US dollar for nine consecutive years. This persistent trend makes the practice of pre-booking dollars in advance at fixed prices a handy tool to save money on foreign currency spending. In this regard, options and forwards are two financial contracts that enable individuals to reserve foreign currency. To gain a clear understanding of the specifics of these contracts, let’s consider a small example: Mr. A has to spend $10,000 to pay for his child’s education after six months in July. Currently, in the month of February, the dollar is trading at INR70. Following the current trend, Mr. A expects it to reach to INR 75 by July. According to Mr. A, his child’s education, which currently (inREAD MORE
Are you looking to enhance your career prospects? Well then, the simplest and the most effective solution is to pursue higher education in a foreign country and subsequently, secure a job in that country. Whether it is the US, Canada, Australia or Germany, all these countries provide a facility to secure a work visa upon graduation as long as you get a job, which is not a very difficult proposition provided you network and identify the right school to pursue your higher education at. The prospect of studying abroad is expensive, costing anywhere between 20-25 lakhs per year, on an average, and also depends on the chosen destination, program and University. Therefore, it is important for students and the families concerned to explore funding opportunities like loans and scholarships, well in advance. Fortunately, the market for study loans has expanded considerably over the years with quite a few players enteringREAD MORE