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RBI relaxes rules for withdrawal from CSF; States may get extra Rs 13,300 crore | Economy News
RBI relaxes rules for withdrawal from CSF; States may get extra Rs 13,300 crore | Economy News
Mumbai: In a bid to provide more resources to states, the Reserve Bank of India (RBI) on Friday eased the rules governing withdrawal from the Consolidated Sinking Fund resulting in release of additional Rs 13,300 crore to them.
State governments maintain a Consolidated Sinking Fund (CSF) with RBI as a buffer for repayment of their liabilities.
“In the light of the COVID-19 pandemic and the…
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Trade Idea: USD/CAD - Buy at 1.3300
New Post has been published on https://worldwide-finance.net/analysis/trade-idea-usdcad-buy-at-1-3300
Trade Idea: USD/CAD - Buy at 1.3300
USD/CAD – 1.3404
Recent wave: Only wave v of c has ended at 0.9407 and wave C of major A-B-C correction is underway for headway to 1.4700
Trend: Near term down
Original strategy :
Buy at 1.3255, Target: 1.3425, Stop: 1.3195
Position: –
Target: –
Stop: –
New strategy :
Buy at 1.3300, Target: 1.3450, Stop: 1.3240
Position: –
Target: –
Stop:-
The greenback has continued edging higher and near term upside risk remains for the rise from 1.2969 low to extend further gain to resistance t 1.3461, however, loss of near term upward momentum should prevent sharp move beyond 1.3500-10 and price should falter well below 1.3558, risk from there is seen for a retreat to take place later.
In view of this, would not chase this rise here and would be prudent to buy on pullback as 1.3300-10 should limit downside and bring another rise later. Below 1.3250 would defer and risk correction to indicated previous resistance at 1.3212 (now support) but only break there would suggest top is formed, bring weakness to 1.3165 first.
To recap, wave B from 1.3066 is unfolding as an a-b-c and is sub-divided as a: 1.2192, b: 1.2716 and wave c is a 5-waver with i: 1.1983, ii: 1.2506, extended wave iii with minor iii at 1.0206, wave iv ended at 1.0781 and wave v as well as wave iii has ended at 0.9931, hence the subsequent choppy trading is the wave iv which is unfolding as (a)-(b)-(c) with (a) leg of iv ended at 1.0854, followed by (b) leg at 1.0108 and (c) leg as well as the wave iv ended at 1.0674. The wave v is sub-divided by minor wave (i): 0.9980, (ii): 1.0374, (iii): 0.9446, (iv): 0.9913 and (v) as well as v has possibly ended at 0.9407, therefore, consolidation with upside bias is seen for major correction, indicated target at 1.3700 and 1.4000 had been met and further gain to 1.4700 would be seen later.
Read More https://worldwide-finance.net/analysis/trade-idea-usdcad-buy-at-1-3300
Trade Idea: USD/CAD - Buy at 1.3300
New Post has been published on https://worldwide-finance.net/analysis/trade-idea-usdcad-buy-at-1-3300
Trade Idea: USD/CAD - Buy at 1.3300
USD/CAD – 1.3404
Recent wave: Only wave v of c has ended at 0.9407 and wave C of major A-B-C correction is underway for headway to 1.4700
Trend: Near term down
Original strategy :
Buy at 1.3255, Target: 1.3425, Stop: 1.3195
Position: –
Target: –
Stop: –
New strategy :
Buy at 1.3300, Target: 1.3450, Stop: 1.3240
Position: –
Target: –
Stop:-
The greenback has continued edging higher and near term upside risk remains for the rise from 1.2969 low to extend further gain to resistance t 1.3461, however, loss of near term upward momentum should prevent sharp move beyond 1.3500-10 and price should falter well below 1.3558, risk from there is seen for a retreat to take place later.
In view of this, would not chase this rise here and would be prudent to buy on pullback as 1.3300-10 should limit downside and bring another rise later. Below 1.3250 would defer and risk correction to indicated previous resistance at 1.3212 (now support) but only break there would suggest top is formed, bring weakness to 1.3165 first.
To recap, wave B from 1.3066 is unfolding as an a-b-c and is sub-divided as a: 1.2192, b: 1.2716 and wave c is a 5-waver with i: 1.1983, ii: 1.2506, extended wave iii with minor iii at 1.0206, wave iv ended at 1.0781 and wave v as well as wave iii has ended at 0.9931, hence the subsequent choppy trading is the wave iv which is unfolding as (a)-(b)-(c) with (a) leg of iv ended at 1.0854, followed by (b) leg at 1.0108 and (c) leg as well as the wave iv ended at 1.0674. The wave v is sub-divided by minor wave (i): 0.9980, (ii): 1.0374, (iii): 0.9446, (iv): 0.9913 and (v) as well as v has possibly ended at 0.9407, therefore, consolidation with upside bias is seen for major correction, indicated target at 1.3700 and 1.4000 had been met and further gain to 1.4700 would be seen later.
Read More https://worldwide-finance.net/analysis/trade-idea-usdcad-buy-at-1-3300
Restaurant le carthage à salon de provence, spécialités tunisiennes.
Restaurant le carthage à salon de provence, spécialités tunisiennes.
Restaurant le carthage à salon de provence, spécialités tunisiennes.
77, boulevard Louis Pasquet, 13300 Salon de Provence.