The Ready Forward is in essence a secured short-term (typically 15-day) loan from one bank to another. Bank has some securities deposites at RBI.The borrowing bank actually sells the securities to the lending bank and buys them back at the end of the period of the loan, typically at a slightly higher price,as a pawnbroker lends against jeweller.
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Hey, hey, hey man, chill the F@CK down cunnt, one question at a time. What is the nuclear deal? Who is the Left party? Why is the Left Party opposing the nuclear deal? How will the deal benefit India? LOL. 8==D
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Export license (IE code) is required to export ready made garments from India. You have to apply IE code in your nearest DGFT office. Then you should become a member in AEPC.
Wal-Mart didn't "fail" in India. The Indian government has not been allowing Wal-Mart into India, though that may be getting ready to change.
In the forward market, contracts are made to buy and sell currencies for future delivery, say after a fortnight one month and so on. The rate of exchange for the transaction is agreed upon on the very day the deal is finalized