RBI to move to NGTA for managing forex, gold reserves

Netflix is violating RBI’s two-factor authentication and forex rules for payments

Netflix is violating RBI’s two-factor authentication and forex rules for payments submitted by mass_maharaja to india [link] [comments]

RBI Policy Decoded: No Rate Cut, SLR Drop Overrated, Forex Freed and Corporate Bonds Beaten Up

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RBI & how its policies can start to affect the market

Disclaimer: This DD is to help start forming a market view as per RBI announcements. Also a gentle reminder that fundamentals play out over a longer time frame than intraday. The authors take no responsiblity for your yolos.
With contributions by Asli Bakchodi, Bran OP & dragononweed!

What is the RBI?
RBI is the central bank of India. They are one of the key players who affect India’s economic trajectory. They control currency supply, banking rules and more. This means that it is not a bank in which retailers or corporates can open an account with. Instead they are a bank for bankers and the Government of India.
Their functions can be broadly classified into 6.
· Monetary authority
· Financial supervisor for financial system
· Issuer of currency
· Manages Foreign exchange
· Bankers bank
· Banker to the government
This DD will take a look at each of these functions. It will be followed by a list of rates the RBI sets, and how changes in them can affect the market.
1. Monetary Authority
One of RBI’s functions is to achieve the goal of “Price Stability” in the economy. This essentially means achieving an inflation rate that is within a desired limit.
A monetary policy committee (MPC) decides on the desired inflation rate and its limits through majority vote of its 6 members, in consultation with the GoI.
The current inflation target for RBI is as follows
Consumer Price Inflation (CPI): 4%
Upper Limit: 6%
Lower Limit: 2%
An increase in CPI means less purchasing power. Generally speaking, if inflation is too high, the public starts cutting down on spending, leading to a negative impact on the markets. And vice versa. Lower inflation leads to more purchasing power, more spending, more investments leading to a positive impact on the market.
2. Financial Supervisor For Financial System
A financial system consists of financial markets (Capital market, money market, forex market etc.), financial institutions (banks, stock exchanges, NBFC etc) & financial assets (currencies, bills, bonds etc)
RBI supervises this entire system and lays down the rules and regulations for it. It can also use further ‘Selective Credit Controls’ to regulate banks.
3. Issues of currency
The RBI is responsible for the printing of currency notes. RBI is free to print as much as it wants as long as the minimum reserve of Rs 200 Cr (Gold 112 Cr) is maintained. The RBI has total assets or a balance size sheet of Rs. 51 trillion (April 2020). (1 Trillion = 1 Lakh crore)
India’s current reserves mean our increase in currency circulation is well managed.
4. Manages Foreign Exchange
RBI regulates all of India’s foreign exchange transactions. It is the custodian of all of foreign currencies in India. It allows for the foreign exchange value of the rupee to be controlled. RBI also buy and sell rupees in the foreign exchange market at its discretion.
In case of any currency movement, a country’s central bank can directly intervene to either push the currency up, as India has been doing, or to keep it artificially low, as the Chinese central bank does. To push up a currency, a central bank can sell dollars, which is the global reserve currency, or the currency against which all others are measured. To push down a currency, a central bank can buy dollars.
The RBI deciding this depends on the import/export and financial health of the country. Generally a weaker rupee means imports are more expensive, but are favourable for exports. And a stronger rupee means imports are cheaper but are unfavourable for exports.
A weaker rupee can make foreign investment more lucrative driving up FII. A stronger rupee can have an adverse effect of FII investing in markets.
5. Banker’s Bank
Every bank has to maintain a certain amount of reserve with the RBI. A certain percentage of a bank’s liabilities (anywhere between 3-15% as decided by RBI) has to be maintained in this account. This is called the Cash Reserve Ratio. This is determined by the MPC during the monetary policy review (which happens every six weeks at present).
It lends money from this reserve to other banks if they are short on cash, but generally, it is seen as a last resort move. Banks are encouraged to meet their shortfalls of cash from other resources.
6. Banker to the government
RBI is the entity that carries out ALL monetary transactions on behalf of the Government. It holds custody of the cash balance of the Government, gives temporary loans to both central and state governments and manages the debt operations of the central Government, through instruments of debt and the interest rates associated with them - like bonds.
The different rates set & managed by RBI
- Repo rate
The rate at which RBI is willing to lend to commercial banks is called as Repo Rate.
Banks sometimes need money for emergency or to maintain the SLR and CRR (explained below). They borrow this from RBI but have to pay some interest on it. The interest that is to be paid on the amount to the RBI is called as Repo Rate.
It does not function like a normal loan but acts like a forward contract. Banks have to provide collateral like government bonds, T-bills etc. Repo means Repurchase Option is the true meaning of Repo an agreement where the bank promises to repurchase these government securities after the repo period is over.
As a tool to control inflation, RBI increases the Repo Rate making it more expensive for banks to borrow from the RBI with a view to restrict availability of money. Exact opposite stance shall be taken in case of deflationary environment.
The change of repo rate is aimed to affect the flow of money in the economy. An increase in repo rate decreases the flow of money in the economy, while the decrease in repo rate increases the flow of money in the economy. RBI by changing these rates shows its stance to the economy at large whether they prioritize growth or inflation.
- Reverse Repo Rate
The rate at which the RBI is willing to borrow from the Banks is called as Reverse Repo Rate. If the RBI increases the reverse repo rate, it means that the RBI is willing to offer lucrative interest rate to banks to park their money with the RBI. Banks in this case agree to resell government securities after reverse repo period.
Generally, an increase in reverse repo rate that banks will have a higher incentive to park their money with RBI. It decreases liquidity, affecting the market in a negative manner. Decrease in reverse repo rate increases liquidity affecting the market in a positive manner.
Both the repo rate and reverse repo rate fall under the Liquidity Adjustment Facility tools for RBI.
- Cash reserve ratio (CRR)
Banks in India are required to deposit a specific percentage of their net demand and time liabilities (NDTL) in the form of CASH with the RBI. This minimum ratio (that is the part of the total deposits to be held as cash) is stipulated by the RBI and is known as the CRR or Cash Reserve Ratio. These reserves will not be in circulation at any point in time.
For example, if a bank had a NDTL (like current Account, Savings Account and Fixed Deposits) of 100Cr and the CRR is at 3%, it would have to keep 3Cr as Cash reserve ratio to the RBI. This amount earns no interest.
Currently it is at 3%. A lower cash ratio means banks can deposit just a lower amount and use the remaining money leading to higher liquidity. This translates to more money to invest which is seen as positive for the market. Inversely, a higher cash ratio equates to lower liquidity which translates to a negative market sentiment.
Thus, the RBI uses the CRR to control excess money flow and regulate liquidity in the economy.
- Statutory liquidity ratio (SLR)
Banks in India have to keep a certain percentage of their net demand and time liabilities WITH THEMSELVES. And this can be in the form of liquid assets like gold and government securities, not just cash. A lot of banks keep them in government bonds as they give a decent interest.
The current SLR ratio of 18.25%, which means that for every Rs.100 deposited in a bank, it has to invest Rs.18.50 in any of the asset classes approved by RBI.
A low SLR means higher levels of loans to the private sector. This boosts investment and acts as a positive sentiment for the market. Conversely a high SLR means tighter levels of credit and can cause a negative effect on the market.
Essentially, the RBI uses the SLR to control ease of credit in the economy. It also ensures that the banks maintain a certain level of funds to meet depositor’s demands instead of over liquidation.
- Bank Rate
Bank rate is a rate at which the Reserve Bank of India provides the loan to commercial banks without keeping any security. There is no agreement on repurchase that will be drawn up or agreed upon with no collateral as well. This is different from repo rate as loans taken with repo rate are taken on the basis of securities. Bank rate hence is higher than the repo rate.
Currently the bank rate is 4.25%. Since bank rate is essentially a loan interest rate like repo rate, it affects the market in similar ways.
- Marginal Cost of Funds based Lending Rate (MCLR)
This is the minimum rate below which the banks are not allowed to lend. Raising this rate, makes loans more expensive, drying up liquidity, affecting the market in a negative way. Similarly, lower MCLR rates will bring in high liquidity, affecting the market in a positive way.
MCLR is a varying lending rate instead of a single rate according to the kind of loans. Currently, the MCLR rate is between 6.65% - 7.15%
- Marginal Standing facility
Marginal Standing Facility is the interest rate at which a depository institution (generally banks) lends or borrows funds with another depository institution in the overnight market. Overnight market is the part of financial market which offers the shortest term loans. These loans have to be repaid the next day.
MSF can be used by a bank after it exhausts its eligible security holdings for borrowing under other options like the Liquidity adjustment facilities.
The MSF would be a penal rate for banks and the banks can borrow funds by pledging government securities within the limits of the statutory liquidity ratio.
The current rate stands at 4.25%. The effect it has on the market is synonymous with the other lending rates such as repo rate & bank rate.
- Loan to value ratio
The loan-to-value (LTV) ratio is an assessment of lending risk that financial institutions and other lenders examine before approving a mortgage. Typically, loan assessments with high LTV ratios are considered higher risk loans.
Basically, if a companies preferred form of collateral rises in value and leads the market (growing faster than the market), then the company will see the loans that it signed with higher LTV suddenly reduce (but the interest rate remains the same).
Let’s consider an example of gold as a collateral. Consider a loan was approved with gold as collateral. The market price for gold is Rs 2000/g, and for each g, a loan of Rs 1500 was given. (The numbers are simplified for understanding). This would put LTV of the loan at 1500/2000 = 0.75. Since it is a substantial LTV, say the company priced the loan at 20% interest rate.
Now the next year, the price of gold rose to Rs 3000/kg. This would mean that the LTV of the current loan has changed to 0.5 but the company is not obligated to change the interest rate. This means that even if the company sees a lot of defaults, it is fairly protected by the unexpected surge in the underlying asset. Moreover, since the underlying asset is more valuable, default rates for the loans goes down as people are more protective of the collateral they have placed.
The same scenario for gold is happening right now and is the reason for gold backed loan providers like MUTHOOT to hit ATHs as gold is leading the economy right now. Also, these in these scenarios, it also enables companies to offer additional loan on same gold for those who are interested Instead of keeping the loan amount same most of the gold loan companies.
Based on above, we can see that as RBI changes LTV for certain assets, we are in a position to identify potential institutions that could get a good Quarterly result and try to enter it early.
Conclusion
The above rates contain the ways in the Central Bank manages the monetary policy, growth and inflation in the country.
Its impact on Stock market is often seen when these rates are changed, they act as triggers for the intraday positions on that day. But overall, the outlook is always maintained on how the RBI sees the country is doing, and knee jerk reactions are limited to intraday positions. The long term stance is always well within the limits of the outlook the big players in the market are expecting.
The important thing to keep in mind is that the problems facing the economy needn’t be uni-dimensional. Problems with inflation, growth, liquidity, currency depreciation all can come together, for which the RBI will have to play a balancing role with all it powers to change these rates and the forex reserve. So the effect on the market needs to be given more thought than simply extrapolated as ‘rates go low, markets go up’.
But understanding these individual effects of these rates allows you to start putting together the puzzle of how and where the market and the economy could go.
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RapiPay announces collaboration with Maximus for Micro-ATM services

RapiPay announces collaboration with Maximus for Micro-ATM services
https://preview.redd.it/dy00hzh121t51.png?width=497&format=png&auto=webp&s=7c7237199e9082b8703d97588727eb6459f9c5f1
RapiPay Fintech Pvt. Ltd., owned by the listed Capital India Finance Ltd., has recently launched Micro-ATM services through collaboration with Maximus as the technology service provider (TSP).
RapiPay has a network of over one lakh agents (merchants/shopkeepers) to provide Banking and Financial Services across India, especially in the hinterland of the country. As a business correspondent of multiple banks, RapiPay aims to address the major issue of lack of ready access to banking services in smaller towns through a comprehensive, digitized banking service enablement program. The company holds a prepaid payment instrument license from RBI and offers remittances, Micro-ATM, AePS and bill payment services to millions of end consumers through its agents who are called RapiPay Saathis.
Maximus, as the technology partner, offers the entire digital rails to RapiPay to enable the latter to penetrate newer segments and offer essential financial services to customers near their doorstep. Maximus uses cutting-edge technology to engineer unique financial and payment products and offers these as hosted services. Maximus has the widest range of digital and card-based solutions among service providers and its customer footprint encompasses banks, payment companies and service providers across ten countries.

Micro-ATM services
Yogendra Kashyap, CEO, RapiPay stated “We are delighted to partner with Maximus for technology services for the Micro-ATM. Micro-ATM service is an important leg of our fintech journey. While we already provide ATM cash withdrawals through AePS (Aadhaar-enabled Payment Systems), with launch of our Micro-ATM handheld devices, we are taking the Micro-ATM and fintech industry to the next level.”
V. Shankar. Founder & CEO of Maximus added “The RapiPay Micro-ATM project involved building customized interfaces between our Switch and RapiPay’s middleware. In addition to transaction processing, we are providing sophisticated, automation-driven reconciliation and dispute management support, with up-to-date information available on intuitive dashboards. There is a strong intersection of interests between RapiPay and Maximus and we will continuously evolve to fulfil the digital vision of RapiPay through our innovatively engineered solutions. We are delighted that RapiPay has chosen Maximus for its technology platforms.”
About CIFL (RapiPay’s parent company)
RapiPay Fintech Pvt. Ltd. is a subsidiary of Capital India Finance Limited (CIFL), which is an India-focused, well capitalised and less leveraged NBFC. CIFL focusses on providing customised financial solutions to Mid-corporates and SMEs for their growth and working capital requirements. CIFL provides home loans in affordable segment through its HFC, Capital India Home Loans. Its fintech wing is RapiPay, which provides remittances and Micro= ATM services. Recently, CIFL has forayed into forex business by the name of RapiPay.
About Maximus Infoware (India) Pvt. Ltd.
Established in 2007, Maximus offers omni channel solutions for the BFSI, Transit, Smart Cities, Retail and Telecom sectors. Its EFT switching, digital payments, reconciliation, fraud & risk management and cash management solutions use innovative technologies and are state-of-the-art. The product portfolio of the company covers full digital payment, assisted payment and card-based payment rails for Rupay, VISA, MasterCard and other international schemes. Maximus delivers unparalleled service levels to its customers spread across ten countries under both hosted and on-premise deployment models. Its payment products are PA-DSS certified and the IT processing infrastructure is PCI-DSS and ISO/IEC 27001:13001 certified.
For business enquiries:-
[[email protected]](mailto:[email protected])
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In 1947, India had just Rs 1500 crore cash. Today, we are about to cross $500 billion in foreign reserves. We have come a long way

In 1947, when India got independence, we had just Rs 1500 crore in cash with us, and even paying Rs 55 crore to Pakistan was a big deal. Mahatma Gandhi had to keep a day's fast to convince Vallabhbhai Patel to transfer Rs 55 crore to Pakistan.
Then we started storing foreign reserves to the calamity and emergency.
In 1960, India had foreign reserves of $1.46 billion, which could have lasted just 8 weeks of import.
In 1980, India had foreign reserves of $7 billion
In 1991, India's foreign reserves dipped to an alarming level of just $1.2 billion, which could have lasted just 3 weeks of imports. RBI had to pledge 46.91 tonnes of gold with the Bank of England and the Bank of Japan, and raised $400 million to deal with the unprecedented crisis
In 2004, for the first time, we achieved foreign reserves of $100 billion
Due to solid performance of our foreign reserves, we somehow navigated the recession of 2009, and our foreign reserves stood at $270 billion
And now, for the first time in our history, India will have $500 billion of foreign reserves. As of now, we have $493 billion, which is enough to sustain 17 months of imports.
We are right now world's 3rd biggest nation with foreign reserves, after China and Japan.
India has indeed come a long way from having just Rs 1500 crore in cash to pledging Gold to sustain the economy, to crossing half a trillion-dollar of foreign reserves.
Sources: 1 2 3 4 5
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RBI cuts repo rates by 40 bps

TLDR
Edit: The statement is at: https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR239109AC3CAC0F874527895214BDF9E76BF0.PDF
Some stats
Outlook

Regulatory and Policy Announcements
  1. SIDBI credit extended for another 90 days
  2. FPI - Additional 3 months to fulfill commitment requirements
  3. Export credit - Pre-shipment and post-shipment credit extended to 15 months from 12
  4. EXIM Bank - New line of credit of 15,000 crore for 90 days, roll over to 1 year
  5. Importer support - Outward remittances for normal imports can be done for 12 months
  6. Moratorium (in 6 areas) - Term loan, default classification, etc. - Another 3 months till end Aug
  7. Lending institutions are permitted to restore margins for working capital to original levels by Mar '21
  8. Convert accumulated interest in WCF into a funded interest term loan - Basically deferred interest can be paid back over time and by Mar '21
  9. Group exposure limit of banks increased from 25% to 30%
  10. Withdrawal from Consolidated Sinking Fund (CSF) - norms relaxed to deal with redemptions in market borrowings
Conclusion

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Govt's decision to force RBI to open it's string and payout ₹1.76lakh Crores way back in 2019. What do you guys think about it now..?

Everyone might recall how RBI was forced to pay ₹1.76 lakh crores to GoI when the rest of sane class of people termed it blatant abuse of power. The initial request was much higher though...
Many experts advised not to touch the reserves as that is the war chest of India {Read more here } But we know t present govt has its own way of dealing with oppositions (¬ just the Political)...
So it did get the money it wanted... And now in times of real crisis, there is no signal from govt to use these funds for stepping up the efforts to fight the pandemic...
What do you people think about it..?
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How The Government Can Get 400,000 cr. to fight the Covid Slowdown

It’s obvious now that the lockdown will hurt India’s economy. And just as other countries are doing, we’ll need big stimulus to start pushing it back into gear. There’s a number of things that this process will involve:
Old businesses can take time to come back to life. Because workers would have migrated, supply chains disrupted etc. They will need help to survive through a time when their factories or offices are shut, and to have paid intermediate salaries or rent.
New businesses will have to be encouraged. Just as some businesses will need help, some of those will die. And those businesses will have to be replaced by others who are new and just getting in. Think of the barber shop that’s shut because it couldn’t pay rent for two months, but then people in the area will still need haircuts.
Giving people and small businesses money directly into their accounts will probably become a necessity, to encourage people to spend or to pay for some of the damage caused due to the lockdown.
The government will have to kickstart spending in a very large way – from better healthcare, to more infrastructure (to provide job) or simply to allow for the economy to rise again.
This costs a ton of money. A rough estimate would be, say, Rs. 400,000 cr. The government doesn’t have this kind of money right now, and raising it by selling assets or issuing debt is enormously difficult. Because the debt it has is already quite large, though not as much compared to the western governments nowadays. However, it doesn’t need to take more debt. There’s money the government rightfully owns which sits idle in a very specific place.
Here’s how it can get Rs. 400,000 cr. now.
This kind of money doesn’t grow on trees, so what nonsense is this, Deepak? (I can hear you think) But bear with me, because I’ve thought this through. The money may not grow on trees, but there’s one big mega uncle who prints it, and generates a large amount of profit. It’s called the RBI. We have written earlier that the RBI has way too much money sitting in its balance sheet that it shouldn’t have. These are called “reserves” (very different from forex reserves). Read: The RBI is hoarding too much capital. Essentially, these are very large numbers of retained earnings, that has gone up even more now with this crisis. The extra earnings can be given back to the government, which can then spend it. Now, RBI makes a lot of money from multiple sources:
It has nearly 10 lakh crore worth of government bonds, which, at 6.5% will give it roughly 65,000 cr. in interest per year.
It also has, now, 35 lakh crores of Forex assets, (lets not call them “reserves” yet) , up over 6 lakh crores in the year. Yes, the RBI has bought a truckload of dollars this year.
The forex reserves earned them over 74,000 cr. last year, and we expect this year to be a little more – probably 90,000 cr. all things considered.
That is an income of 155,000 cr. already.
Apart from this there is a big other benefit. Now the RBI owns all these dollars – it bought them when the rupee was lower (on average, probably Rs. 55 or so). When the dollar depreciates, to balance the accounts, the difference is placed in a Currency and Gold Revaluation Account (CGRA).
The CGRA already had over Rs. 6 lakh crores last year.
This year, considering the RBI has 450 billion dollars in foreign assets, that will add Rs. 4-5 per dollar as revaluation profit – around Rs. 200,000 cr. more in the CGRA.
Due to accounting changes, and due to sales of dollars (around $30 billion in the full year) we should see around Rs. 60,000 cr. as a realized capital gain this year with the RBI.
For details, here’s a good Ananth Narayan article, but note that I simply do not agree that such a profit is not a real profit – it’s as real as any rupee printed.
The RBI doesn’t spend much: 7,000 cr. on employees, 5000 cr. on printing currency and this time, probably 10,000 cr. on payment of interest.
What are you saying Deepak? All these big numbers….
Okay, ignore the nitty gritties. Simply put, RBI has a potential profit, this year, of around Rs. 200,000 cr. This is money it can remit straight to the government this year.
Doesn’t it do that always?
Well, no. The RBI is not very happy to be paying the government anything, to be honest. They keep building random “buffers” to avoid having to pay the government. See what all they have:
Contingency fund: 200,000 cr.
Why? We have no idea. The RBI never participates in any contingency whatsoever; all bank rescues are funded by the government or the PSUs or such. The RBI doesn’t even like to buy anything that isn’t government bonds, so they never take any balance sheet risk. There is no need for a contingency reserve at the RBI. And that too, 200,000 cr. – that’s more than 30% of India’s fiscal deficit! Come on.
You might keep a little bit here, but to hoard such a large number here is unnecessary.
Currency revaluation account: Now, over 800,000 cr.
This is basically reflecting the fact that RBI bought dollars at Rs. 55 or gold at Rs. 1600 per gram and now the dollar is at 75, and gold is at 3800.
This is huge. They keep adding to this fund every year, needlessly – a change in accounting procedure may help remove it.
Asset Development Fund: Rs. 23,000 cr.
Again, why? All major things owned by the RBI are now, by decree, transferred to the government. Examples: SBI, NABARD, NHB. Why should the RBI keep a reserve for this, especially when they have collectively spend less than 5000 cr. in the last five years from such a fund? What’s the point?
Other stuff: Rs. 200,000 cr.
This contains items like unrealized gains on Government bonds and foreign bonds
Again, this should be a profit but is not recorded as one just so that they can avoid having to pay the government. (One simple way to record it is to sell all the bonds and buy them back instantly, converting all the unrealized gains to realised profit)
In total, the RBI has a Rs. 13.5 lakh crores of extra profit (retained earnings of sorts) on its balance sheet. Every year, it generates a large profit and just keeps a good portion in each of these sub clauses, and avoids paying the government. In a partial correction, last year, they discovered that the excess on the balance sheet was too large, and paid out Rs. 1.76 lakh crores as dividend, but it still leaves a huge amount of room for more.
You said Rs. 400,000 cr….
Yes, I’m coming to that. The RBI’s balance sheet is Rs. 47 lakh crores. The “equity” stuff on the balance sheet, which includes the “extra” stuff we talked about – is more than 13 lakh crores. That’s like 27% of their balance sheet. According to the recent Bimal Jalan committee report, the RBI should have a total buffer of about 21% – around 9.8 lakh crores. Given that they have more than 13.5 lakh crores – roughly 400,000 cr. can be given back to the government as dividend.
But what will they sell to give dividends?
Oh they don’t have to sell anything. The RBI has an account for the government. (It’s the govt’s banker). So you transfer from one account (the retained earnings) to another. That’s all. Well, what happens when the government spends the money? It goes to a bank account with some bank. So that banks account with the RBI will swell up and the government’s will reduce. The RBI balance sheet doesn’t change – only the constituents do.
Wait. Why all this now?
Let’s get serious. This is a massive economic blow for the country. We will easily lose over 4% of GDP just to the lack of activity for a month. This has to be made up by massive government spending. That spending has to be financed. Already, the highest expenditure of the govt is interest payments. (Over 5 lakh crores in interest. The next highest entry, defence spending, is 40% lower!) The government may still need to borrow but why should it borrow when the RBI, which is owned by the government, has all the bloat sitting inside it? That’s like saying I have a lot of fixed deposits but let me go borrow money instead to pay for my urgent medical bills, even though I’m reeling under interest payments. The country needs help. We need to relax the ridiculously huge buffers maintained by the RBI in order for the government to spend. The RBI could pay a lot more – but this year, a 400,000 cr. payment looks very achievable without stepping on some toes. I’m not even asking for the government to eat into RBI’s already created massive reserves. Just that they take what profit would have been generated in this one year, instead of allowing RBI to bloat what is already much larger retained profits than required. Remember, most central banks have much lower retained equity as a percentage of their balance sheet. RBI is at 23% currently. Brazil is at 1%, Russia at 13%, South Africa at 1% and the closest perhaps is Germany at 13%. India’s RBI has simply way too much in terms of retained earnings and buffers. In the times of a crisis, you have to use buffers. This is a crisis. This is what a buffer was meant for. I know that a vast crowd will cry tears about how this undermines the independence of the RBI or some such random spiel, but this is not a time to listen to them. It’s time for us to place money in the hands of those that will shoulder the burden, and to not let it lie in forever-unused buffers like within the RBI. Note: What about inflation, you might ask. There will be no inflation by this; none of the above will cause balance sheet expansion of the RBI. And btw, the whole world is inflating and doing so heavily. And they’re all going to support their own countries with specific packages. In that context, there is very little likelihood of any inflation – in fact we’ll have to fight deflation in a slowdown.
https://www.capitalmind.in/2020/04/how-the-government-can-get-400000-cr-to-fight-the-covid-slowdown/
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The World This Week 10th July 2020 – 17th July 2020

Indian Equity Summary-
· Sensex ended higher by 1.2 percent as the bullish trend persisted for the fifth consecutive week in the domestic equity market ,on the back ofØ positive global cues and optimism over the development of Covid-19 vaccine .The focus is now turning to Q1FY21 earning season and more importantly for guidance and viewpoints of management.
· Going forward, global factors like development on the US -China relationship front , any resurgence of Covid-19 cases globally, as economiesØ have started opening up ; will continue to dictate the trend of the domestic equity market. We expect the trading range for Nifty between 10800-11200 in the near term.
Indian Debt Market-
· The bond prices fell as the yield on the latest 10-year benchmark 5.79% 2030 paper settled at 5.80% on Jul 17 compared with 5.76% on Jul 10.Ø
· Reserve Bank of India announces the auction of three Government of India 91day, 182 day and 364 day Treasury Bills for an aggregate amount ofØ ₹35,000, to be conducted on 22nd July 2020.
· State Governments announced to sell securities by way of an auction to be conducted on 21th July 2020, for an aggregate face value of ₹ 9,000 Cr.Ø
· We expect that RBI will be in wait and watch mood before taking any major decision of rate cut on the back of recent inflation print.Ø
· We expect the 10 year benchmark yield to trade between 5.80-6.05% in near term.Ø
Domestic News
· India’s retail trade has suffered a business loss of about Rs 15.5 lakh crore in past 100 days due to the COVID-19 pandemic as per theØ Confederation of All India Traders (CAIT).
· The Foreign Direct Investment (FDI) from the US to India has crossed the $40 billion mark as on year to date, reflecting the growing confidence ofØ American companies in the country.
· Forex reserves rose by $3.1 billion on a WoW basis to hit a record high of $516.36 billion for the week ended July 10, according to Reserve BankØ of India (RBI).
· According to the latest data released by the Ministry of StatisticsØ & Programme Implementation (MoSPI), India’s retail inflation(CPI) grew to 6.09% in the month of June as against the prior released figure of 5.84 in April for the month of March.
International News
· Hong Kong's April-June unemployment rises to 6.2%, being the highest in over 15 years.Ø
· Japan’s exports plunged 26.2% in June while Imports fell by 14.4% in June on a year on year basis , as per the data released byØ Ministry of Finance (MOF).
· Foreign direct investment (FDI) into China fell 1.3% in the first half of this year from a year earlier to 472.18 billion yuan ($67.47Ø billion)as per China’s commerce ministry.
· Gross domestic product (GDP) of China rose to 3.2% in the second-quarter from a year earlier as per the National Bureau ofØ Statistics, faster than the 2.5% forecast by analysts in a Reuters poll, with the easing of lockdown measures and ramping up of stimulus by policymakers to combat the virus-led downturn.
· US GDP is expected to contract by an annualised rate of 37% in the Q2 2020 and by 6.6%for 2020 as a whole as per theØ International Monetary Fund (IMF) staff.
Link - http://www.karvywealth.com/data/sites/1/skins/karvywealth/Download_media_report.aspx?FileName=B98EB615-C7D5-409D-AFF1-05C92C06DBE4|5234282
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submitted by wealthadvisor22 to u/wealthadvisor22 [link] [comments]

Forex Reserves – India must now put its massive forex reserves to better use

forex reserves
During the week, India’s forex reserves crossed the psychological $500 billion mark. India has come a long way from having just 15 days of imports as forex reserves in 1991 when she had to pledge gold to the Bank of England. Now there is a problem of plenty!
Forex reserves ranking
For the first time since the forex chest began to be recorded, India entered the top-5 in terms of forex reserves. India ranks behind China, Japan, Switzerland and Russia and has overtaken Taiwan, Hong Kong and Saudi Arabia. KSA, at one point of time held over $750 billion in its forex reserves but 5 years of weak oil prices meant that Saudi Arabia has been forced to draw heavily on its forex reserves despite cutting down on many of its welfare outlays. India can hope to overtake Russia soon. China leads the rankings with $3.5 trillion in reserves.
Why are reserves building up?
There are multiple reasons why the forex reserves are building up. Firstly, the sharp fall in oil import bill has brought down the trade deficit by more than 50% on a monthly basis. Secondly, the forex remittances from NRIs have been extremely robust with most of the world markets offering either zero or negative rates of returns. Lastly, RBI intervention in the forex markets has reduced substantially and that has also helped forex reserves build-up.
Know more: http://blog.tradeplusonline.com/stock-market-updates/forex-reserves-india-must-now-put-its-massive-forex-reserves-to-better-use/
submitted by Tradeplusonline01 to stackexchange [link] [comments]

Facing an unprecedented crisis, India has ratcheted up its forex reserves like never before

This is the best tl;dr I could make, original reduced by 69%. (I'm a bot)
The country's foreign exchange reserves are at an all-time high of over $500 billion, according to data released by India's central bank on June 12.The strong forex pool provides stability in today's grim economic conditions.
The rise of forexThe reasons behind the swelling forex reserves are India's shrinking import bill, an increase in foreign direct investments, improved inflows from foreign portfolio investors into the stock and debt markets, and the Reserve Bank of India's buying spree.
"These assets, which are in other foreign currencies, are appreciating against the dollar and this too is pushing up the forex reserve valuations," he said.
Friends with benefitsThe biggest beneficiary of strong forex reserves is the Indian currency.
Pointing to 2013 when the Indian rupee depreciated by more than 20% in a span of just 4-6 weeks, Chari states that "The size of the forex reserves with respect to the current account deficit and portfolio flows becomes a key determinant of whether the currency can come under a speculative attack."
Apart from protecting the rupee, large forex reserves act as an assurance to the world that India can meet its external obligations like payment for imports.
Summary Source | FAQ | Feedback | Top keywords: forex#1 Reserve#2 foreign#3 Indian#4 India#5
Post found in /Economics.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Send Money Abroad

The world has become more connected; more people or corporates need to send money abroad for many reasons. If you live and working away from the home, time will definitely come when you have to make transfer to abroad to support your loved ones and other reasons.
Outward Remittance is basically the same as an international money transfer. Many of the sender /customers live overseas and send their hard money to support their loved ones. For example, Parents do a wire transfer to University or their son/daughter’s account for the purpose of their education.
To help them, please visit your nearest branch of Orient exchange or go to the website www.orientexchange.in
Some of the tips to be followed for good convenience:
The right place to Approach
· Telegraphic transfers or process of sending money are made through ADII RBI license holders or banks or money changers.
· Customers should remember that you just can not trust any individuals with the responsibility of sending money.
· Experts recommend choosing a better exchange house /bank that has the international footprint which makes your money transfer easier and secure.
Mode of transfer
You need to choose the option to send money. One is Wire transfer and another is Demand draft. Wire transfer is done via SWIFT i.e. Society for Worldwide Interbank Financial Telecommunications.
A swift transfer is the most secure and standard system which can be done by banks to their correspondents with each other. A demand draft can be sent abroad physically and takes a little bit of time to get cleared. In most of the time remittance will be received by the beneficiary bank in 48 hrs.
Process of application
Primarily, the customer has to send their documents /upload either online or visit the office or request for home verification of KYC and other relevant documents. The requirement of documents may slightly vary with the purpose behind sending the money. There is a limit set by RBI to individuals who remitting money abroad. RBI has placed an annual cap of $ 250000 to the individuals
· Rate fixing: Customer can book their forex rate by paying 2% of the transaction value or they may pay after verification of documents.
· Fees/charges: Many banks are involved in a single outward remittance through the SWIFT network. The customer is liable to pay extra fees. Two to three intermediary banks may handle the transfers so they can add their own charges. In addition to that own bank & receipt bank charges are also included in what you pay.
Duration: Remitter to receiver ‘s account
A swift transfer is transferring money between multiple banks before the funds credited to the seller’s /beneficiary account. This process will be completed from 1 to 5 working days depending on the countries where you transfer.
What details are must for outward remittance transfer?
*Beneficiary Details :
Name of the beneficiary &
Address of the Beneficiary
*Payee Bank details :
1) SWIFT CODE: Swift code is known as Bank ID /SWIFT CODE/Identifier code.
Each financial institution is having its own unique swift code. Swift code usually has 8 to 11 digit or characters.
For Ex: BANK OF AMERICA transfer, SWIFT CODE is “ BOFAUS3N”
2) Beneficiary bank name
3) Beneficiary Bank Address and branch name
4) Beneficiary Bank Account Number
5) Currency wise bank details are additionally required:
i) AED – IBAN
ii) GBP – IBAN, Sort Code
iii) CAD – Transit Number
iv) AUD – BSB Code
v) EUNZD/THB/SEK/SGD – IBAN
Attention on the exchange rate:
Customers always think about the best way to send Wire transfer at a cheap cost.
In the current market scenario, customers should know that most of the banks or money exchangers don’t use the real exchange rate. Instead of that, add more margin on top of live rates. So, customers pay more or beneficiary to receive less. To avoid these hidden charges try using online services that provide you the live /real exchange rates on all wire transfers, Currency Exchange, forex card etc….
submitted by Orient_Exchange to u/Orient_Exchange [link] [comments]

18th Feb

COVID-19
  1. After the lockdown was imposed, the number of COVID-19 cases has been doubling every six days in India. Before the lockdown, the doubling happened every three days.
Policy
  1. RBI slashes reverse repo to 3.75%, hints at a further rate cut. Plans to conduct ₹50,000 crores TLTRO to ease liquidity crunch of NBFCs/MFIs
  2. RBI Governor Shaktikanta Das on Friday said the country’s foreign exchange reserves have risen nearly $2 billion to $476.5 billion as on April 10. The forex cover will be enough for 11.8 months, or nearly a year, of the country’s imports, he added.
  3. In February, net FDI was $2.9 billion, compared to $1.9 billion in the year-ago period. PTI
  4. China’s economy contracted for the first time on record in first quarter. China GDP fell 6.8 percent in Janu­ary-­March year-­on­-year.
Polity
  1. Govt decision on redefiing SMEs soon: Gadkari. Instead of companies with an annual turnover of up to ₹10 crores, companies with rev­enue of up to ₹250 crores will be termed SMEs, according to the proposal.
  2. CBIC processes GST refund of ₹575 crores in 15 day
  3. MSMEs ask for a bigger support package
Business
  1. Healthcare sector’s loss could touch ₹24,000 cr: FICCI-­EY study
  2. Discoms may face ₹30,000 ­crore revenue loss
  3. AMFI estimated gross subscriptions to open-end equity funds at ₹30,109 crores for March 2020, up 21 percent from February and 9 percent from March 2019. It praised retail investors for turning this crisis into opportunity, by committing a record ₹1 lakh crore into equity SIPs in FY20.
submitted by grey_legion to GreyLegion [link] [comments]

How does the fxretail platform work?

Hello all, I searched this subreddit before posting this (there is no past discussion on this topic). I'm not clear about the Fxretail platform that has been launched last year (fxretail .co .in) and is promoted by RBI to allow retail investors in the currency market. All the sites I've visited, including news sites, bank sites (of the banks who have tied up with this platform) and the fxretail site itself, don't explain how the trading works and how the settlement works. They just seem to have marketing material saying that any individual who needs forex can now get it at better rates.
I'd be grateful if someone could answer the following question and explain this platform better.
submitted by whatisfxretailcoin to IndiaInvestments [link] [comments]

Questions on fiscal prudence that we should all be asking our central government.

Please add on as you deem fit. Immediately below are those that seem necessary to me.
1) Real Fiscal Deficit Numbers: The fiscal deficit number and target shared in the budget presentation did not take into account independent lending by govt orgs such as,
Food Corporation of India: Has been borrowing for the last 3 years. Has not been paid by the govt during this time. While FCI has released some figures, what is the total amount it has borrowed?
Same with orgs such as NABARD, PFC, Fertilizer corp, and so many other that we don't even know about.
2) Real financial state of orgs like LIC, National Small Savings Fund: These are the orgs that fund the loans of the govt as well as Food Corp, Fertilizer Corp etc.
What do their respective balance sheets truly look like? How much money did LIC really lend to banks and NBFIs over the years, that is now considered NPA?
3) RBI related questions:
As the RBI had increased SLR (CRR for that matter) requirements for commercial banks, and policy dictated that (public) banks store that money in govt securities; can the govt tell us how much this total amount is? And why it forces banks to behave this way?
And more broadly, does the govt understand that forcing banks to park their money this way, and simultaneously crowding out private lending by taking such huge loans from govt orgs and banks; is an important part of why successive RBI interest cuts have no meaningful impact in reducing commercial rate for lending?
4) Another RBI question: The RBI continues to build up its forex reserves. (approx $471 Billion as of last week); even though multiple experts (including some RBI folk) have said that beyond a point, trying to use reserves to stem a money outflow will be futile. Many have said that around 450 billion is already beyond sufficient in our current situation.
And, not allowing for natural adjustment/strengthening of the Rupee right now may lead to risky situations if the global outlook does turn negative. Rupee continues to be a Last Money In, First Money Out segment for more foreign investors, and is the govt prepared to risk a SE Asia-like currency crises, just so that the RBI has more reserves, a part of which the govt can quietly gobble up?
submitted by FlamingNostrils to india [link] [comments]

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  561. jakanddaxter
  562. u_B00tyC0nsumer69
  563. grissomhighschool
  564. nba
  565. MineralPorn
  566. Miniworlds
  567. theperfectpokemongame
  568. LAClippers
  569. wildbeef
  570. KeanuBeingAwesome
  571. rescuecats
  572. penguin
  573. Zoomies
  574. shiba
  575. Raccoons
  576. u_YeetVegetabales
  577. agt
  578. Davie504
  579. misfits
  580. HeistTeams
  581. TapTitans2
  582. Whataburger
  583. ATT
  584. TeensMeetTeens
  585. razer
  586. USAA
  587. Nitrotype
  588. AnaMains
  589. Shitstatistssay
  590. summonerswar
  591. DestinyLFG
  592. riverdale
  593. superpowereds
  594. Kakegurui
  595. EntitledPeople
  596. rutgers
  597. DragonballLegends
  598. OnePieceTC
  599. DBZDokkanBattle
  600. MortisGang
  601. gaybrosgonemild
  602. Tunisia
  603. YouTube_startups
  604. TwitterFollowers
  605. hackintosh
  606. twitter_memes
  607. YouTubePromoter
  608. SimCity
  609. weather
  610. LowSodiumDestiny
  611. IncreasinglyVerbose
  612. suddenlysexoffender
  613. absolutelynotme_irl
  614. 4PanelCringe
  615. Monk
  616. u_VeryWeirdHumanBeing
  617. thanksihateit
  618. MiniLadd
  619. flatearth
  620. bertstrips
  621. FortniteBattleRoyale
  622. ShrineOfJonesy
  623. custommagic
  624. China
  625. Rowing
  626. CardiganWelshCorgi
  627. GlobalOffensive
  628. AustralianShepherd
  629. montageparodies
  630. seltzer
  631. Hedgehog
  632. wallpaper
  633. TeenagersShitpost
  634. CallOfDuty
  635. ShadowBan
  636. TeensDebate
  637. PoliticalDiscussion
  638. Youbrokethechain
  639. MadeInAbyss
  640. grilledcheese
  641. DidntKnowIWantedThat
  642. httyd
  643. AvengersEndGame
  644. FortniteDisscusion
  645. Kaiserreich
  646. yesyesyesno
  647. puns
  648. u_andrew_982_
  649. orangesbeingbros
  650. geometrydash
  651. ilikemybeatsfast
  652. EmojiPolice
  653. BanVideoGames
  654. Telephoneism
  655. onewordeach
  656. TheRightCantMeme
  657. u_LegendGamer320
  658. Library
  659. BetaLands
  660. MortalKombat
  661. retrogaming
  662. nes
  663. Gameboy
  664. ClassicRock
  665. Tinder
  666. intotheshadowrealm
  667. highdeas
  668. AccidentalThanos
  669. shittymoviedetails
  670. trebuchetmemes
  671. TheOfficialPodcast
  672. Getdownmrpresident
  673. UnethicalLifeProTips
  674. talesfromcavesupport
  675. BattlefieldV
  676. UNCCharlotte
  677. Military
  678. Buddhism
  679. biology
  680. Blackrun
  681. single
  682. PostAndBanned
  683. PedoLogic
  684. wooooosh
  685. gaeilge
  686. woof_irl
  687. u_PeePeePooPooHead69
  688. csgo
  689. AskOujia
  690. YuB
  691. SubsIFellFor
  692. pokemonuranium
  693. familyguy
  694. u_yeetus-Antq
  695. TheOther14mil
  696. badteachers
  697. ExplainAGamePlotBadly
  698. u_mrbro1o1
  699. KrunkerIO
  700. dankmemes2
  701. shieldbro
  702. PSP
  703. collage
  704. Roms
  705. mormon
  706. dirtyvoicechat
  707. Internet
  708. NoFapChristians
  709. MinecraftOne
  710. minecraftseeds
  711. xboxone
  712. FuckMyShitUp
  713. PUBGXboxOne
  714. fourpanelcringe
  715. Dogfree
  716. CanadianHardwareSwap
  717. hardwareswap
  718. MinecraftCommands
  719. prusa3d
  720. Wealthsimple_Trade
  721. redbull
  722. IVBDA
  723. ac_newhorizons
  724. raresuicidebywords
  725. fourredditorsonecup
  726. unexpectedcannibalism
  727. airpods
  728. rimjob_steve
  729. flextapecantfixthat
  730. twentyonepilots
  731. DecreasinglyVerbose
  732. TheRealJoke
  733. UpvotedBecauseButt
  734. redditsings
  735. TwennyWunPilots
  736. iOSthemes
  737. subtleprequelmemes
  738. HarleyQuinn
  739. Niggawhat
  740. Shitty_Car_Mods
  741. subsithoughtifellfor
  742. Voltron
  743. epicmemes
  744. vancouver
  745. Warhammer40k
  746. PokemonXandY
  747. LooksLikeSlazo
  748. IamNumberFour
  749. swrpg
  750. MafiaCityMemes
  751. swtor
  752. RoyaleRecruit
  753. Vaping
  754. pan_media
  755. DestinyLore
  756. FortniteSucks
  757. fightporn
  758. themob
  759. u_GrizzyIy
  760. XXXTENTACION
  761. 4chan
  762. MusicForTeens
  763. tazman595
  764. karma
  765. school
  766. Cancersupportgroup
  767. cancer
  768. SeriousConversation
  769. PeopleAreFckinStupid
  770. JackSucksAtLife
  771. Why
  772. oddlyspecific
  773. oculus
  774. bookclapreviewclap
  775. FixMyPrint
  776. arduino
  777. EtikaRedditNetwork
  778. SmallWitDatHotFiya
  779. 465
  780. idklolihidsomething
  781. hmssss
  782. UsefulMemes
  783. calebfinn
  784. Animal
  785. randomactsofkindness
  786. shy
  787. TomHolland
  788. bulletjournal
  789. shittyfacebookmemes
  790. EmpireDidNothingWrong
  791. OculusQuest
  792. coincidence
  793. chairsunderwater
  794. DecaturHighschoolGA
  795. XXY
  796. Dyslexia
  797. uwutranslator
  798. ContestOfChampions
  799. UsernameChecksOut
  800. unexpectedtrivago
  801. wrongnumber
  802. venmo
  803. IllegalLifeProTips
  804. HitBoxPorn
  805. Shrek
  806. weirdnews
  807. specialed
  808. EndgameSpoilers
  809. specialeducation
  810. antivax
  811. AntiVaxxers
  812. u_purpleyellowpaint
  813. bi_irl
  814. sugarfreemua
  815. lanadelrey
  816. volleyball
  817. muacjdiscussion
  818. ThisButUnironically
  819. ShitLiberalsSay
  820. brokeabone
  821. discord_irl
  822. excitingdystopia
  823. BenBashiroLore
  824. VaushV
  825. ABoringDystopia
  826. FristOfAllHowDareYou
  827. hamsters
  828. SubredditSimMeta
  829. TropicalWeather
  830. Landlord
  831. AntifascistsofReddit
  832. hamstercare
  833. vexillologycirclejerk
  834. therewasnoattempt
  835. ennnnnnnnnnnnbbbbbby
  836. RealSolarSystem
  837. u_CondomCrusader69
  838. band
  839. FlexSealFanClub
  840. Armor
  841. MemeFormats
  842. Puberty
  843. conceptart
  844. CondomKingdom
  845. u_Some16yoLosr
  846. FireEmblemHeroes
  847. FondantLove
  848. LaCrescentMN
  849. u_PugMage101
  850. darkvideos
  851. u_Sadness92
  852. PERSoNA
  853. JacksFilms
  854. jschlatt
  855. castlevania
  856. stfuretard
  857. CloneWarsMemes
  858. DeepFried
  859. legostarwars
  860. u_DVproductions64
  861. KamikazeByWords
  862. ImGoingToHellForThis
  863. linuxmemes
  864. codes
  865. crypto
  866. cpp_questions
  867. Laptop
  868. debian
  869. Kalilinux
  870. PHP
  871. TOR
  872. Doomers
  873. learnpython
  874. RecRoom
  875. orbusvr
  876. VirtualDesktop
  877. bigscreen
  878. ProTubeVR
  879. VRchat
  880. OculusQuestModding
  881. Borderlands2
  882. DeathToBuzzfeed
  883. deadbabyjokes
  884. u_MCT1233
  885. kpop
  886. crystalclear
  887. GIDLE
  888. pokemongoyellow
  889. bidle
  890. unpopularkpopopinions
  891. HermitCraft
  892. ItHadToBeBrazil
  893. grian
  894. MumboJumboYouTube
  895. recycling
  896. usernamefamily
  897. BirdsArentReal
  898. u_Gay_Papa
  899. BSA
  900. u_ConsumeSyrup
  901. ModdedMinecraft
  902. ROBLOXmemes
  903. gangbeasts
  904. Discussion
  905. CrossCountry
  906. fuck
  907. FML
  908. TonightsBigLosers
  909. skeppy
  910. mcservers
  911. pussypassdenied
  912. backgrounds
  913. IsThereASubredditFor
  914. BulletHellMonday
  915. u_whyMYpeepeeGREEN
  916. marchingband
  917. TuberSimulator
  918. FosterTheCirclejerk
  919. GiftofGames
  920. deadmeatjames
  921. AshVsEvilDead
  922. GachaLifeCringe
  923. IntotheDarkHulu
  924. ChernobylMemes
  925. asl
  926. Hong_Kong
  927. vexillology
  928. imaginarymaps
  929. mountaindew
  930. SurrealApprovals
  931. Blessed_Images
  932. Metallica
  933. ainbow
  934. u_Mr-Damaged
  935. SmallYTChannel
  936. skype
  937. FamilyIssues
  938. FellowTeens
  939. MinecraftParodyMemes
  940. BloodyLegends
  941. DankMemes_Circlejerk
  942. cursedminecraftimages
  943. TeenagersUnrelatable
  944. reddeadfashion
  945. reddeadmemes
  946. itswooshwith2os
  947. phones
  948. Fishers
  949. Quizlet_Live_Raids
  950. CutePuppyPics
  951. u_Wakeless_place
  952. SeenElsewhere
  953. GreyStillPlays
  954. LazarBeam
  955. FUCKYOUINPARTICULAR
  956. stein_world
  957. perfectphotos
  958. PhoenixSC
  959. Crayfish
  960. MinecraftVsFortnite
  961. CallOfDutyWorldWarTwo
  962. hypixel
  963. videomemes
  964. KeanuReeves
  965. ubisoft
  966. jacksepticeye
  967. Filmora
  968. montreal
  969. ComradeSShow
  970. InsiderMemeTrading
  971. unnamedfanbase
  972. LoomianLegacyTrading
  973. AnimalCrossingNewLeaf
  974. AdoptMyVillager
  975. papermario
  976. Memeconomy
  977. TooCuteForPorn
  978. ben
  979. GTAV
  980. smplive
  981. galaxybuds
  982. AMCsAList
  983. TwitchClips
  984. Spellbreak
  985. QueerEye
  986. jesuschristouija
  987. u_randomflyingcars
  988. onebag
  989. networking
  990. Dappermemes
  991. CrazyIdeas
  992. hardware
  993. beagle
  994. BoomerTears
  995. keto
  996. european_dankmemes
  997. QuantumSubreddits
  998. TeenMomOGandTeenMom2
  999. WeightLossAdvice
  1000. RLFashionAdvice
  1001. MetalMemes
  1002. systemofadown
  1003. guitarcirclejerk
  1004. drums
  1005. Megadeth
  1006. weightlifting
  1007. gmod
  1008. avengedsevenfold
  1009. airsoftcirclejerk
  1010. paintball
  1011. arma
  1012. joinsquad
  1013. AOC
  1014. fakeobituary
  1015. fuckmanny
  1016. JustBeWhite
  1017. GODUS
  1018. fuckalinity
  1019. adventurerscodex
  1020. slavbot
  1021. Meme_Battles
  1022. u_Trollium2166
  1023. gtavcustoms
  1024. 350z
  1025. Hawaii
  1026. Scootering
  1027. skate3
  1028. bmx
  1029. arizona
  1030. Sunsets
  1031. projectcar
  1032. Mustang
  1033. snowboarding
  1034. Boxing
  1035. u_slyone05
  1036. gank
  1037. ForHonorWuLin
  1038. bruhfunny
  1039. ForHonorRants
  1040. ProjectJojo
  1041. ProGreenStarPlatinum
  1042. fanStands
  1043. nothingeverhappens
  1044. imveryedgy
  1045. stupidquestions
  1046. forhonorknights
  1047. UnexpectedForHonor
  1048. ShootingFishInABarrel
  1049. RubberSoulMains
  1050. JojoHFTF
  1051. UnexpectedJoJo
  1052. undetectedsabaton
  1053. Battlefield
  1054. MillenniumDawn
  1055. fightsticks
  1056. okuyasu_irl
  1057. Stepmania
  1058. WOOOOOOSHED
  1059. shigechi_appreciation
  1060. completelyrealtexts
  1061. SteamScams
  1062. Powerwolf
  1063. u_KindStrangerOnReddit
  1064. PvZHeroes
  1065. Fish
  1066. JuiceWRLD
  1067. Gatorade
  1068. SelfHate
  1069. UgandaKnuckles
  1070. depressed
  1071. walouija
  1072. WeirdQuites
  1073. askdoctors
  1074. u_White0000
  1075. TrollXChromosomes
  1076. NarutoBlazing
  1077. u_Datnotguy17
  1078. howtokeepanidiotbusy
  1079. AyyMD
  1080. Jreg
  1081. wheresMwaldo
  1082. Political_Tumor
  1083. Purdue
  1084. GamingDetails
  1085. Handwriting
  1086. CrossView
  1087. SharedBPM
  1088. test
  1089. Stonetossingjuice
  1090. PictureGame
  1091. explainabookplotbadly
  1092. DuwangGang
  1093. Meemagers
  1094. CallMeCarson
  1095. ToolJerk
  1096. cursedmemes
  1097. virtualbeggar
  1098. left4dead
  1099. bigbangedmemes
  1100. whatintarnation
  1101. comicbookcollecting
  1102. Trophies
  1103. u_lilsusnibba
  1104. subredditwithnorules
  1105. homestuck
  1106. lux
  1107. TeamfightTactics
  1108. Wukongmains
  1109. LeagueofFailures
  1110. LeagueOfMemes
  1111. ezrealmains
  1112. akalimains
  1113. yuumimains
  1114. YIMO
  1115. botlanetinder
  1116. supportlol
  1117. MordekaiserMains
  1118. YasuoMains
  1119. neekomains
  1120. ApheliousMains
  1121. LEMMiNO
  1122. space
  1123. wwiipics
  1124. u_alt_1236
  1125. FiftyFiftyDev
  1126. MercyClub
  1127. Normies
  1128. wooooshwith4os
  1129. DungeonsAndDragons
  1130. spongebob
  1131. FromTheDepths
  1132. SpaceflightSimulator
  1133. BeardedDragons
  1134. Spore
  1135. TeenAstronomy
  1136. HistoryPorn
  1137. u_OneStrikeyBoi
  1138. tylerthecreator
  1139. PictureRap
  1140. CryptoftheNecrodancer
  1141. Teens4Teens
  1142. freenagers
  1143. RamenRegime
  1144. SemenTeam
  1145. Pitland
  1146. insaneparents
  1147. 90DayFiance
  1148. Chinesetourists
  1149. interracialdating
  1150. PutAnEggOnIt
  1151. drawings
  1152. u_kayasphotographs
  1153. mildlycreepy
  1154. likeothergirls
  1155. kahootgames
  1156. PoliticalCompassMemes
  1157. mood
  1158. cfbsober
  1159. TIGoogled
  1160. fsusports
  1161. rolltide
  1162. NewYorkMets
  1163. HuntsvilleAlabama
  1164. nfl
  1165. minnesotavikings
  1166. KarmaCourt
  1167. CFBOffTopic
  1168. Teenageers
  1169. 3BeansAndABeerCap
  1170. popheadscirclejerk
  1171. PuppySmiles
  1172. Komi_san
  1173. freebies
  1174. zerowondering
  1175. 177013
  1176. untrustworthypoptarts
  1177. subredditcancer
  1178. SubwayHentai
  1179. TsundereSharks
  1180. bee_irl
  1181. banned
  1182. LGBTOpenModmail
  1183. u_Rulx8
  1184. The_Dedede
  1185. NintendoWaifus
  1186. pchelp
  1187. SweetHomeAlabama
  1188. SmallYoutubers
  1189. Advertise
  1190. Suddenlybabyimyours
  1191. Lolitary
  1192. PornoMemes
  1193. clevercomebacks
  1194. SpaceMemes
  1195. TankPorn
  1196. AbandonedPorn
  1197. Hbonds
  1198. Jewdank
  1199. LiveLikeLarry
  1200. birdswitharms
  1201. SchoolSystemBroke
  1202. popping
  1203. okboomerretard
  1204. plants
  1205. PhonesAreBad
  1206. SavageGarden
  1207. airplaneears
  1208. shutthefuckup
  1209. mermaids
  1210. OriginalCharacters
  1211. tuckedinkitties
  1212. RoastMyCat
  1213. curledfeetsies
  1214. Hellenism
  1215. yandere_simulator
  1216. catsareliquid
  1217. trichotillomania
  1218. lazarbeamsubmissions
  1219. dark_humor
  1220. fucksauerkraut
  1221. TheBeatles
  1222. produce
  1223. French
  1224. LilPeep
  1225. GitCommitDie
  1226. u_Brisingr_105
  1227. MarioMaker
  1228. gamingsuggestions
  1229. animation
  1230. FortniteCreative
  1231. ShrineOfFishstick
  1232. FortNiteMobile
  1233. FortniteSwitch
  1234. mariokart
  1235. u_Rodolfo20
  1236. jordancambridge
  1237. emu
  1238. beermoney
  1239. badminton
  1240. vlone
  1241. TimHortons
  1242. Repsneakers
  1243. TakashiMurakami
  1244. stamps
  1245. yeezys
  1246. DesignerReps
  1247. Rabbits
  1248. DesignMyRoom
  1249. LegitCheck
  1250. Hypebeasts
  1251. Bape
  1252. bapeheads
  1253. kaws
  1254. painting
  1255. vintage
  1256. insects
  1257. fossilid
  1258. Crystals
  1259. u_HanzAAli
  1260. PixelPeople
  1261. lifeisnotjust
  1262. RedditTrollss
  1263. notsureifgoodadvice
  1264. speedrun
  1265. gtavmodding
  1266. JJBA
  1267. whoooosh
  1268. Conrandom
  1269. Birbs
  1270. u_trash5652
  1271. BattleJackets
  1272. guitarlessons
  1273. virginvschad
  1274. Ghostbc
  1275. oldinternet
  1276. Moomins
  1277. Shuffles_Deck
  1278. Vent
  1279. Sims4
  1280. ShittyAdverts
  1281. saudiarabia
  1282. stopsmoking
  1283. ProRevenge
  1284. yaris
  1285. carporn
  1286. u_ThePinkPanda205
  1287. MadeOfStyrofoam
  1288. 5sos
  1289. GAAB350
  1290. formuladank
  1291. xqcow
  1292. whatsthisworth
  1293. GenZ
  1294. danduscirclejerk
  1295. andyterracianofanclub
  1296. radicalcentrism
  1297. killthosewhodisagree
  1298. onlinemischief
  1299. aromantic
  1300. u_TheAceOfToasters
  1301. javahelp
  1302. TheArcana
  1303. AquaticAsFuck
  1304. JohnMulaney
  1305. Assistance
  1306. doodles
  1307. sadcats
  1308. April11Gang
  1309. tomodachilife
  1310. Chonkers
  1311. Multicopter
  1312. ElectricSkateboarding
  1313. subaru
  1314. radiocontrol
  1315. Battlecars
  1316. CafeRacers
  1317. Jeep
  1318. AwesomeCarMods
  1319. rccars
  1320. whatsthissnake
  1321. CalamariRaceTeam
  1322. HotWheels
  1323. outrun
  1324. FPVvideos
  1325. PraiseTheCameraMan
  1326. saladsmiles
  1327. MobileGaming
  1328. techhelp
  1329. Competitiveoverwatch
  1330. Boblin
  1331. PlayINGRust
  1332. WarframeRunway
  1333. u_haggartt
  1334. earthbound
  1335. VizzedGames
  1336. OldReposts
  1337. misheard
  1338. area51
  1339. sharktank
  1340. awesome
  1341. u_PragatiBuffett
  1342. mediawiki
  1343. robertdowneyjr
  1344. JoJoMemes
  1345. u_Gameman740
  1346. ExpandDong
  1347. KarmaSacrifice
  1348. Minecraftbuilds
  1349. Foodlottery
  1350. MisfitShitposts
  1351. JellesMarbleRuns
  1352. Marblelympics
  1353. u_Donghoon
  1354. DhruvTheKid
  1355. RushWars
  1356. RicoGang
  1357. The4KMegaBox
  1358. shittybrawlstars
  1359. SmashLand
  1360. Cosmic_Clash
  1361. barleygang
  1362. DrMarioWorld
  1363. Archero
  1364. golfblitz
  1365. TickGang
  1366. NewSkaters
  1367. TheLetterH
  1368. Crushes
  1369. KarmaRoulette
  1370. u_Manasveer
  1371. UnexpectedThanos
  1372. depression_memes
  1373. u_Banapple101
  1374. drphil
  1375. ShittyPhotoshop
  1376. ft86
  1377. iilluminaughtii
  1378. showerthoughs
  1379. TheBrotherhoodofBros
  1380. MyBloodyValentine
  1381. SamandTolki
  1382. radiohead
  1383. radioheadcirclejerk
  1384. rantgrumps
  1385. googletranslate
  1386. ConspiracyGrumps
  1387. shoegaze
  1388. MichaelJackson
  1389. ClubPenguin
  1390. Toontown
  1391. rumney_marsh_academy
  1392. saplings
  1393. Pomade
  1394. playboicarti
  1395. Adorable_Animals
  1396. OverwatchUniversity
  1397. u_IOPasGhoulTrooper
  1398. CitadelOfSkins
  1399. heathernotpleased
  1400. comingout
  1401. ShitFortNiteBRSays
  1402. fortniteparentsclub
  1403. Cello
  1404. Golfwang
  1405. EveryoneIsAMod
  1406. LightModePatrol
  1407. JadenSmith
  1408. SuddenlyHitler
  1409. FilthyFrank
  1410. VeronaNJ
  1411. evilbuildings
  1412. cursedvideos
  1413. danktintinmemes
  1414. AwardSpeechEdits
  1415. AgainstHateSubreddits
  1416. deepweb
  1417. TeenagersTalkPolitics
  1418. shortcels
  1419. CURRENCY
  1420. WarriorCats
  1421. thedawnpatrol
  1422. upvote
  1423. theydidthemonstermath
  1424. u_ii_karmakun_ii
  1425. HumanTippyTaps
  1426. SamePicOfSteveHarvey
  1427. onionhate
  1428. redbubble
  1429. Tennessee
  1430. singapore
  1431. NuclearRevenge
  1432. JUSTNOMIL
  1433. jesuschristreddit
  1434. FlashTV
  1435. LegendsOfTomorrow
  1436. westworld
  1437. boringdystopia
  1438. dankjewishmemes
  1439. crazystories
  1440. calculators
  1441. LatinoPeopleTwitter
  1442. Dachshund
  1443. AdrenalinePorn
  1444. Dance
  1445. u_Santolmo
  1446. hardwaregore
  1447. dankgentina
  1448. fake90skids
  1449. reactionpics
  1450. ImagesYouCanHear
  1451. tf2shitposterclub
  1452. Nightmares
  1453. themonkeysotherpaw
  1454. transpositive
  1455. FifaCareers
  1456. PremierLeague
  1457. spiders
  1458. downvotesreally
  1459. coldshowers
  1460. puppy101
  1461. chanceme
  1462. trackandfield
  1463. architecture
  1464. orlando
  1465. ACT
  1466. YeetingKids
  1467. ParentsAreFuckingDumb
  1468. peopleofwalmart
  1469. donaldtrump
  1470. aethism
  1471. Relatable_RC
  1472. NewVegasMemes
  1473. CursedMinecraft
  1474. Area51memes
  1475. admincraft
  1476. fnv
  1477. humblebundles
  1478. blackmagicdesign
  1479. Crouton
  1480. promotereddit
  1481. itplaysit
  1482. youtubecomments
  1483. Ebay
  1484. gamecollecting
  1485. smashmemes
  1486. Mordhau
  1487. namenerds
  1488. greatpyrenees
  1489. sexyoffbrands
  1490. bottlephilia
  1491. u_limeylucio
  1492. sodapoppin
  1493. feminazi
  1494. yiffinhell
  1495. gravityfallsmemes
  1496. rmeme
  1497. u_I_am_Inevitable_Boi
  1498. awardbrag
  1499. redstone
  1500. Lightmodevsdark
  1501. PunPatrol
  1502. CrazyHand
  1503. e46
  1504. EngineBuilding
  1505. E46M3
  1506. Cartalk
  1507. KarmaConspiracy
  1508. MobileWallpaper
  1509. firstworldanarchists
  1510. Tabs
  1511. apolloapp
  1512. futurama
  1513. puzzles
  1514. SundaraKarma
  1515. Dreamers
  1516. programminghelp
  1517. firebrigade
  1518. drumcorpscirclejerk
  1519. fonts
  1520. OverwatchLeague
  1521. ChurchofFroppy
  1522. webhosting
  1523. Wordpress
  1524. PlantsVSZombies
  1525. StreetOutlaws
  1526. lgv30
  1527. Parents
  1528. MarioMaker2
  1529. TheWeeknd
  1530. u_Mind_The_PePe
  1531. DDLCMods
  1532. parrots
  1533. donthelpjustfilm
  1534. AccidentalRacism
  1535. u_Jimcuchim
  1536. Teachers
  1537. Amberlynn
  1538. TaylorSwift
  1539. UnlockedRedditAds
  1540. GTBAE
  1541. TouchThaFishy
  1542. That70sRetard
  1543. Indiana
  1544. ARK
  1545. shitpostbound
  1546. Philippines
  1547. DoctorBright
  1548. goodboys
  1549. blop
  1550. ThatsWhatSheSaid
  1551. watch_dogs
  1552. unexpectedoffice
  1553. birthofasub
  1554. unexpectedskyrim
  1555. Peopleoftwitch
  1556. ModSupport
  1557. CoolPetNames
  1558. amazonreviews
  1559. TwoRedditorsOneCup
  1560. CameHereToSayThis
  1561. WOSH
  1562. smartwatch
  1563. Reddit69420
  1564. u_Its-Ya-Boi-Satan
  1565. Boomer
  1566. InstaPoliceHere
  1567. FanStorytime
  1568. stories
  1569. bullying
  1570. MachineLearning
  1571. redsox
  1572. PrettyGirls
  1573. ChickenRunsAtMidnight
  1574. LimeOfTheCentury
  1575. SnapLenses
  1576. IRLEasterEggs
  1577. garfield
  1578. OkBubbyRetard
  1579. Ascendedfaketexts
  1580. matt
  1581. Patriots
  1582. nonutnovember
  1583. u_u-u_u-u_u
  1584. HeadphoneAdvice
  1585. SequelMemes
  1586. u_2006pow
  1587. YeetlordYT
  1588. CarlTheHedgehog
  1589. tall
  1590. aftergifted
  1591. EUR_irl
  1592. teenmartialarts
  1593. FostTalicska
  1594. u_Hm_Moonlight
  1595. MildlyVandalised
  1596. PhantomForces
  1597. OfficialSlazo
  1598. AJR
  1599. pokemongotrades
  1600. FreePlatinum
  1601. SnowTheGame
  1602. ggggg
  1603. GayTeensGoneMild
  1604. ruralporn
  1605. CityPorn
  1606. Surface
  1607. flightsim
  1608. AndroidWear
  1609. u_GamerWick
  1610. Myles_is_lonely
  1611. u_lesqie
  1612. UnexpectedHamilton
  1613. ComedySeasoning
  1614. AmateurPhotography
  1615. oldpeoplefacebook
  1616. Ticos
  1617. LemonySnicket
  1618. accidentalswastica
  1619. VACCINES
  1620. nealstephenson
  1621. sexualhealth
  1622. Forgotten_Realms
  1623. makeaband
  1624. AskLosAngeles
  1625. musicians
  1626. Guiltygear
  1627. MyHeroAcademiaRPG
  1628. AdventurersLeague
  1629. sallyface
  1630. TikTokCringe
  1631. darkmemes
  1632. EntitledBitch
  1633. Trufemcels
  1634. sad
  1635. PanPorn
  1636. BeautyBoxes
  1637. Ipsy
  1638. u_cottonorwool
  1639. pcmusic
  1640. intermittentfasting
  1641. angry
  1642. socialanxiety
  1643. u_Jumpspider74
  1644. cowboys
  1645. Mavericks
  1646. dolphinconspiracy
  1647. rule34
  1648. ImaginaryHorrors
  1649. DarkDeception
  1650. fuckea
  1651. u_pupperoni-421
  1652. coloringcorruptions
  1653. fbla
  1654. Amd
  1655. ChivalryGame
  1656. DrDisrespectLive
  1657. intel
  1658. esports
  1659. G502MasterRace
  1660. drumcorps
  1661. HeartHorny
  1662. u_crusty_bread_crust
  1663. holesome
  1664. oddlypacific
  1665. maths
  1666. demons
  1667. Physics
  1668. MusicianTeens
  1669. teenagerswithoutrules
  1670. DontPutItInYourAss
  1671. vro
  1672. traadustCrusaders
  1673. yugioh
  1674. BleachBraveSouls
  1675. okayfacebookmemes
  1676. realdonald_forreal
  1677. berserklejerk
  1678. Berserk
  1679. mangarockapp
  1680. MotorcyclePorn
  1681. ExNoContact
  1682. forza
  1683. Thunder
  1684. nbacirclejerk
  1685. ShitMomGroupsSay
  1686. strangehabits
  1687. madladcrusaders
  1688. u_ThatBoi1994
  1689. RedDeadOnline
  1690. u_WitnessMe015
  1691. communism
  1692. AgeplayPenPals
  1693. Poem_for_your_sprog
  1694. Polytopia
  1695. KingdomsandCastles
  1696. u_tarka_d0_sera
  1697. catfaceplant
  1698. AskQuija
  1699. educationalgifs
  1700. Rubiks_Cubes
  1701. u_WCon69
  1702. PoliticalMemes
  1703. Corridor
  1704. postprocessing
  1705. askspain
  1706. Svenska
  1707. buffy
  1708. newjersey
  1709. succulents
  1710. learnspanish
  1711. kimbra
  1712. blackmirror
  1713. john
  1714. asklaw
  1715. CardiB
  1716. ForeverAloneDating
  1717. BruceCampbell
  1718. deadrising
  1719. police
  1720. thebeachboys
  1721. LeavingNeverlandLies
  1722. LeavingNeverlandHBO
  1723. LeavingNeverland
  1724. ForeverAlone
  1725. DownRightAwesome
  1726. ThanosMC
  1727. BigBirdCult
  1728. Fantaisgood
  1729. letsbone
  1730. SuddenlyAnimalAbuse
  1731. G59
  1732. Bexey
  1733. Tupac
  1734. bangladesh
  1735. bodybuilding
  1736. GymMemes
  1737. CowbellyTV
  1738. u_canineswine
  1739. TeenStyle
  1740. short
  1741. BossfightUniverse
  1742. WallpaperRequests
  1743. ibxtoycat
  1744. toycat
  1745. RareEmojis
  1746. expectedSpaceBalls
  1747. shittymcsuggestions
  1748. PokemonGOMemes
  1749. grandayy
  1750. grandpajoehate
  1751. deadmeatmemes
  1752. FanTheories
  1753. CrusadeMemes
  1754. redneckelonmusk
  1755. canconfirmimanaussie
  1756. unexpectedtfs
  1757. SubsIWishWereReal
  1758. iFunny
  1759. wallpapers
  1760. rasdash
  1761. opensource
  1762. raspberry_pi
  1763. grandrapids
  1764. thegrandtour
  1765. DeepFriedLinuxMemes
  1766. Michigan
  1767. Spongebuntu
  1768. Health
  1769. stylish
  1770. supercars
  1771. Autos
  1772. StuffOnCats
  1773. 2healthbars
  1774. mazda
  1775. amishadowbanned
  1776. toronto
  1777. canada
  1778. freevbucks
  1779. AntiAntiAntiAntiJokes
  1780. antiantiantijokes
  1781. Birthdaytwins
  1782. mildyinteresting
  1783. yesyesyesyesyesnoyes
  1784. tifurb
  1785. RoastMyHistory
  1786. badpuns
  1787. Rainforest
  1788. u_EnderCreep72
  1789. TheOutsiders
  1790. JohnWick
  1791. starbase
  1792. GTA
  1793. bully
  1794. MMA
  1795. karate
  1796. india
  1797. StreetFights
  1798. NoglaOfficial
  1799. burgers
  1800. PeterExplainsTheJoke
  1801. amateur_boxing
  1802. Jasiah
  1803. travisscott
  1804. FortnitePhotography
  1805. LilNasX
  1806. FortniteLeaks
  1807. CallMeKevin
  1808. Idubbbz
  1809. memesofthedank
  1810. u_nibbapusspuss69
  1811. FloridaMemes
  1812. Avengers
  1813. cursedjojo
  1814. Csgohacks
  1815. u_insane_playzYT
  1816. SimplyFortnite
  1817. TeachersRFuckingDum
  1818. django
  1819. amipregnant
  1820. IncelTeens
  1821. fuck_r_teenagers
  1822. wherestheredcircle
  1823. MURICA
  1824. SrGrafo
  1825. dev_ed
  1826. TheFutureIsWomen
  1827. TheFutureIsWoman
  1828. TheFutureIsMale
  1829. wewantpornofthis
  1830. BothSidesPolitics
  1831. iamverybedass
  1832. uneducatedopinions
  1833. webdev
  1834. perfectlycutspurts
  1835. u_msterchief82
  1836. hemitite
  1837. ArakiForgot
  1838. SubtoPewDiePieMC
  1839. BirdsForScale
  1840. aLOTofKARMAindays
  1841. honeygetmygun
  1842. thirdsub
  1843. cursed_posts
  1844. MyHeroAcademia
  1845. Meme_colesium
  1846. timetravel
  1847. WordAvalanches
  1848. gravityfalls
  1849. u_Niggword69
  1850. ConfusedBoners
  1851. DonutOperator
  1852. u_DoxxingAngels
  1853. Jazz
  1854. percussion
  1855. WeirdSheep
  1856. BisexualTeens
  1857. Adulting
  1858. MensLib
  1859. NewDM
  1860. Paladins
  1861. CountOnceADay
  1862. TheOnionUnlimited
  1863. ComedyFlogging
  1864. FuckNestle
  1865. 8BitGang
  1866. FrankGang
  1867. ColtGang
  1868. yescompanionimbecil
  1869. ChurchOfMineta
  1870. YouFellForItFool
  1871. Super_Cube_Cavern
  1872. dynamikegang
  1873. ZoeIsYourHomie
  1874. u_PlusTrash7
  1875. ZaryaMains
  1876. SleepingSoulmates
  1877. JunkRatMains
  1878. Awww
  1879. RoadhogMains
  1880. fo76
  1881. MK11PremiumStore
  1882. MKMemes
  1883. KombatFashion
  1884. aliens
  1885. sixthworldproblems
  1886. Switch
  1887. thebindingofisaac
  1888. BattlefieldCosmetics
  1889. ww2
  1890. LaCasaDePapel
  1891. PSNFriends
  1892. edgydarkdankmemes
  1893. AssassinsCreedOdyssey
  1894. u_Francischelo
  1895. ww2memes
  1896. DrunkDrunkenPorn
  1897. submechanophobia
  1898. athiesm
  1899. awakened
  1900. Pics_of_your_uncle
  1901. nikerunclub
  1902. firstimpression
  1903. Kikpals
  1904. Ultraboost
  1905. Toyota
  1906. UrbanHell
  1907. avfc
  1908. 6thForm
  1909. BassGuitar
  1910. greenday
  1911. chemistry
  1912. TokyoGhoul
  1913. u_Hate_-_millenials
  1914. ChippyGaming
  1915. USNSCC
  1916. unsettling
  1917. navy
  1918. mkxmobile
  1919. notcrappydesign
  1920. u_rd741904
  1921. neverendinggifs
  1922. beta
  1923. StrangerThingsMemes
  1924. u_Mr_Wolf7
  1925. ThatsInsane
  1926. u_Ens-Causa-Sui
  1927. u_SnakesAndTanksOhMy
  1928. aquaponics
  1929. glossier
  1930. ImagineDragonsTeens
  1931. heyrolemodel
  1932. omarapollo
  1933. LANY
  1934. WhereInTheDisneyWorld
  1935. funnystories
  1936. SmallDeliMeats
  1937. codyko
  1938. watercooling
  1939. nspire
  1940. GBA4iOS
  1941. xayahmains
  1942. ElectricalEngineering
  1943. walkingwarrobots
  1944. FL_Studio
  1945. graphic_design
submitted by CaesarNaples2 to copypastapublishin [link] [comments]

How does the RBI's sovereign gold bonds work

As a high level overview, you pay the RBI a certain amount of money, which is equivalent to 'x' grams of gold at todays market price. On maturity you the equivalent value of the 'x' grams of gold on that date. In addition to this, you get 2.5% interest on the amount you paid.
From the perspective of an individual who has decided to 'invest' in gold, this is a no-brainer if you can ignore the liquidity concerns. You get the price of gold + a extra interest component which you wouldnt get if you bought physical gold.
The stated purpose of the government when launching this scheme was to save forex by reducing gold imports, which is a fair point.
Now my question is how does the RBI manage this. There is no point in the RBI buying gold, equivalent to the invested amount, as this would defeat the purpose of reducing gold imports + they would now have to fund the interest out of their own pockets.
My guess is that there is some sort of gold futures hedging mumbo-jumbo happening, I dont know enough about derivatives and the like to know how this works. My first thought was that the RBI uses the capital received like a deposit earning 7% if lent to someone. Is the interest margin of around 4.5% enough to hedge the price of gold over 5-8 years. Does the RBI have the expertise at the lower rungs to do this?
I would guess this strategy would fail, if there was a steep increase in the price of gold near redemption time. Since the RBI is guaranteeing the investment, I assume the investor wont be affected
Disclaimer: I have no intention of investing in the gold bond scheme
submitted by fakejogabonito to IndiaInvestments [link] [comments]

How to Exchange Foreign Currency in Bangalore?

Individuals exchange money for various purposes. Do you have to exchange currency for an abroad trip you have quite recently arranged or for education purposes? You may likewise require Forex exchange for reemitting an amount for urgent purposes abroad. Whatever be the explanation, it is imperative to know how you can exchange currency without any hiccups.
Banks, Moneychangers, Airport stands, and online Forex sites can help with foreign currency exchange in bangalore . From these choices, online sites give you the best rates and are totally adaptable. Online currency exchange sites give you incredible highlights and save on your time. You can just simply type 'foreign exchange near me' with the choice of your preferred area to discover a Forex exchange site.
Exchange stages accessible
By visiting a Bank, get your currency exchanged. You'll have to pay charges on exchange from the Bank. What's more, the rate of exchange is fixed by the Bank as it isn't updated on an hourly basis. It can be a costly deal on exchanging currency from the Bank.
Moneychangers offer you great deals on the adaptable exchange of cash but again you need to pay the cost of exchange. The approved RBI moneychangers do charge more for money exchange in bangalore.
The most feasible way to exchange is maybe through online stages. Online Forex sites offer complete convenience on currency exchange in bangalore . A site like Bookmyforex.com offers you the best exchange rates that are updated at regular intervals. You'll get the advantage of freezing the rate for three days by paying a upfront charge of 2%. When you choose a rate, feel free to buy Forex. You'll likewise get the advantage of home delivery through the site. That will save money and efforts both.
Get the best Currency Exchange on the web
Online currency exchange sites provide you with included advantages for exchange. If you are planning to travel aboard, buy a Forex card that is preloaded with the currency of that spot. A Forex card can be reloaded at that time when you are having short of currency with you. Most Forex sites also offer traveler's cheque.
It is issued in the currency of the place you are heading to. An online webpage like Bookmyforex.com offers you rate advantage too. Set a notification on the site with respect to your exchange rate. You'll get a notice or email when the rate is near to your desired set rate. The money you save on exchange can be used on your trip for shopping, so consider it.
Online Exchange ways,
If you are still thinking 'where is money exchange near me', at that point head to online webpage Bookmyforex.com. The site gives services to more than 650 cities of India and partners with more than 5000 channels including Banks and authorized moneychangers.
Exchanging money has never been this simple. There are no hidden fees or charges to be paid on exchange. The site additionally offers the best customers assistance and referral plans that will assist you with getting some fast rewards on currency exchange.
In spite of the fact that there are numerous approaches to exchange currency, online Forex sites are just a click away. The site offers transparent services so you can expect nothing only the best.
submitted by ankitasharmaa to u/ankitasharmaa [link] [comments]

Indian Financial Sector

As negotiations to finalise the long-overdue Regional Comprehensive Economic Partnership (RCEP) enter final stages, Prime Minister Modi said India has put forward reasonable proposals in a clear manner and is engaged in the talks with sincerity for the free trade deal. Modi said India is clear that a mutually beneficial RCEP, in which all sides gain reasonably, is in interests of the country and of all nations involved in the negotiation.
-Business Line
A day after SEBI put in place tighter disclosure norms, Indian Bank, Union Bank of India and Lakshmi Vilas Bank on Friday reported divergence in their bad loans for the last fiscal ended March 2019. For LVB, the net loss widened to Rs 1,006 crore from Rs 894 crore.
-Economic Times
The RBI has rejected a proposal by ICICI Bank for appointment of Sandeep Batra as an executive director (ED) after SEBI penalised him in a case related to merger of Bank of Rajasthan.“The Bank has received a communication from RBI not acceding to the request for appointment of Batra at present and to resubmit the proposal for approval after one year from the conclusion of settlement proceedings,” ICICI Bank said in a regulatory filing late on Friday night.
-Business Line
The RBI has refused to relent on its guidelines requiring chief executives of private banks to mandatorily retire at the age of 70, setting the stage for Aditya Puri to step down as HDFC Bank MD & CEO next October, while Romesh Sobti will retire as IndusInd Bank chief at the end of the financial year.
-Economic Times
PSBs are talking to the RBI under the aegis of the IBA to allow a staggered recognition of deferred tax assets (DTA) for FY20 in order to avoid taking large hits on their bottomlines. “We are assessing the matter and even the RBI and IBA are talking about it,” said an executive aware of the development.
-Financial Express
US Treasury Secretary Steven Mnuchin met RBI Governor Shaktikanta Das in the financial capital today. The two discussed “global and domestic macro-economic scenario in both countries and regulatory developments”, according to an official statement from the central bank.
-Business Line
The global investor which has submitted a binding bid to invest $1.2 billion in Yes Bank is a North American family office that is interested in picking up more than a third of the bank’s shareholding. “We have a nondisclosure agreement with the investor. The bank’s capital-raising committee could meet as early as next week to decide on the proposal and, should they approve it, the name will be made public,” said Yes Bank MD & CEO Ravneet Gill.
-Economic Times
Karur Vysya Bank has posted a 24.37% dip in its standalone net profit for the second quarter ended September 2019 to ₹63.33 crore compared with the corresponding year-ago period on higher provisioning.
-The Hindu
Lakshmi Vilas Bank, in a regulatory filing, said Non-Executive Non-Independent Director Anuradha Pradeep has resigned from the board.
-Business Standard
India’s GDP could grow 6.6% in 2020-24, lower than its 2013-17 average of 7.4%, the Organisation for Economic Co-operation and Development (OECD) said today.
-Economic Times
China's Fosun Tourism Group said it would acquire the Thomas Cook and related hotel brands for 11 million pounds in a bid to expand its presence in the tourism business.
-Economic Times
A 65 Year olddepositor of the scam-hit Punjab & Maharashtra Cooperative (PMC) Bank died due to a heart attack in neighboring Navi Mumbai, her family said. Kuldeep Kaur Vig (64) is the seventh PMC Bank depositor to have died after the alleged ₹4,355 crore scam at the bank came to light and the RBI imposed restrictions on withdrawal of funds.
-Livemint
NPCI on November 1 said the number of transactions of Unified Payments Interface (UPI) has crossed the landmark figure of 1 billion in October. "The total transactions of UPI jumped to 1.15 billion in October 2019 from 0.96 billion in September 2019," NPCI said in a release. Total transaction value of UPI stood at Rs 1.91 lakh crore during the month, up from Rs 1.61 lakh crore in the previous month.
-Moneycontrol.com
India's forex reserves increased by $1.832 billion to a new lifetime high of $442.583 billion in the week ended October 25, helped by a jump in core currency assets and value of gold, RBI data showed on November 1. The overall kitty had expanded by $1.04 billion to $440.751 billion in the previous reporting week.
-Moneycontrol.com
 -#021119 
submitted by venuangamaly to indianews [link] [comments]

Convert USD to INR or US Dollar to INR at Best Rate

Convert USD to INR or US Dollar to INR at Best Rate
USD to INR
USD is a currency that is accepted in several countries of the world due to which many people consider getting their money exchanged from USD to INR while traveling from India to other places. If you are one among them, you must turn to BookMyForex to get the best conversion rate online.
Why should I choose BookMyForex for INR to USD conversions?
BookMyForex is the largest and the only currency exchange marketplace online where you can not just make the currency conversions but also get it delivered at your doorstep. Since the platform is digitally enabled, the most competitive conversion rates in the market are provided by BookMyForex.
BookMyForex deals only with the money changers and banks which are approved by RBI and the Dollar to INR rate keeps getting updated live every 3 seconds, making it the most reliable and trustworthy marketplace for money exchange.
BookMyForex offers the convenience of getting forex converted and delivered at your doorstep. You can do this by making your forex bookings online or through the app. There are absolutely no hidden or extra charges when you convert dollar to INR or vice versa from BookMyForex online.
Online currency exchange companies provide feasible deals on currency exchange. An online currency exchange marketplace like Bookmyforex.com lets you convert USD to INR at best rates. The best part you can freeze the rates for three days and exchange the currency at the same rate you freeze. Contact us to convert USD to INR anytime at best rate.

USD to INR
submitted by bookforex to u/bookforex [link] [comments]

Do You Know Dollar Rate in Delhi Today? - Read to Know!

Delhi being the capital of India has always been the hub for foreign exchange. Due to National and International tourism activity, the foreign exchange demand in Delhi is always high. Banks offer a rate that is constant on foreign exchange. But, online sites update the rates depending on market trends. Do you know the dollar rate today in Delhi? Well, its easier to check the rate from the site Bookmyforex.com.
The dollar rate in Delhi is updated every three seconds on the site. In no time, you can freeze the rate of your choice and get your money exchanged. Dollar rates today in Delhi also depend on demand and supply. Though the demand for exchange is high, it also depends on the person who needs to exchange currency for a purpose.
Why you should choose an online Forex site for exchange?
Today dollar rate in Delhi may change depending on live market rate feed. If you need to exchange currency from INR to USD, then an online site like Bookmyforex.com offers you the best features. You'll get the lowest exchange rate guarantee from the site along with the rate alert feature.
A rate alert feature sends you a notification when the rate is near your desired rate. You'll be able to book your exchange order according to the exact dollar rate in Delhi. The process is flexible and transparent.
The online site also offers you a rate freeze feature option. Suppose you come across a low dollar rate today in Delhi. You'll be able to freeze the rate for three days. You'll be able to use the same rate you freeze for three days for an exchange. This ensures that you have a safe and secure transaction execution. For people who stay in Delhi, its actually time saving because the order is home delivered by Bookmyforex.com
Get the best dollar rate in Delhi
You can simply log on to Bookmyforex.com and enter your location to get the dollar rate today in Delhi. The exchange rates online will help you with your Forex transactions. But the rates do not remain constant. They fluctuate and the site updates it every three seconds.
You need to make an early booking if you want to exchange your currency at a low rate possible. Irrespective of your location or place in Delhi, you can book a rate and order Forex online. This saves on your effort of manually finding the rate or going to moneychangers for rate and exchange.
The many benefits to choosing an online Forex site
Bookmyforex.com offers you the best rates that are better than banks and moneychangers. The live rates are transparent and competitive. With the same-day delivery feature, you'll be able to receive your order on the same day.
Bookmyforex.com offers you best customer support, if you are stuck with any issue regarding Forex order online, you can contact the support team. On regular booking of exchange orders, the site provides loyalty ad referral benefits. You can earn money by referring your friends and family for an exchange order in Delhi.
Buying exchange
Forex rates are live on Bookmyforex.com. After checking today's dollar rate in Delhi, you can buy or sell USD on a similar live rate. The site features only authorized RBI vendors so it ensures complete quality check upon your booking.
The site offers free home delivery orders above 50,000, so you can book your order from home or office and get it delivered in no time. Foreign exchange in Delhi is easier with online features offered by the site. You can also use a Forex card for exchange. A Forex card is a preloaded cash card with currency of the particular place you are visiting. It also reloads the card with no added fees.
Get the best deal,
The Dollar rate in Delhi is never constant and fluctuates according to the economy. Online sites provide you complete expediency so that you get a fair rate advantage on the exchange deal you choose. Get your exchange from the comfort of your home in Delhi, just log on to the site Bookmyforex.com.
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RBI to Block Indian Forex Traders' Bank Accounts. Sep 19 2013 By Forexbrokerz.com. Indian fans of Forex trading have suffered another blow earlier this week, as the Reserve Bank of India (RBI) on September 17th issued a notification that orders banks to act tough on anyone involved in online Forex trading. Like Forex was ever Legal in India . Many of you may ask what's the big deal given that ... RBI looking to diversify investment options for forex reserves: Report RBI to extend trading hours to 3:30 pm from 2 pm starting November 9 Rupee slumps 30 paise to 74.40 against the US dollar in early trade Forex reserves surge $5.4 billion to all-time high of $560.5 billion RBI to move to NGTA for managing forex, gold reserves; RBI to move to NGTA for managing forex, gold reserves With this introduction, the NGTA will be a web-based application providing scalability, maneuverability and flexibility to introduce new products and securities along with multi-currency transactions and settlements. RBI's Next Generation Treasury Application would support various transactions in asset classes like Fixed Income (FI), Forex (FX), Money Market (MM) and Gold RBI Bulletin - November 2020 Option of repaying the funds availed under Targeted Long-Term Repo Operations (TLTRO and TLTRO 2.0) before maturity NBFC Regulation- Looking ahead – Shri M. Rajeshwar Rao, Deputy Governor, Reserve Bank of India - November 6, 2020 - at the ‘National E-Summit on Non-Banking Finance Companies’ organized by ASSOCHAM The application of NGTA will help to improve the functioning of RBI. NGTA is basically a web-based application which will provide scalability and flexibility in introducing new products and securities to the central bank. It will also support multi-currency transactions and settlements like Fixed Income (FI), Forex, Money Market (MM) and Gold. April 14, 2015 Dear All Welcome to the refurbished site of the Reserve Bank of India. The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.

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RBI - Forex Market Explained !!!!! By Manish Kumar AIR 61 CSE 2017 and AIR 49 RBI 2017

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