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Exchange Rate

 
 
 


1 The exchange rate of a currency is its price in terms of another currency. A USD INR rate of 65 means that the price of $1 is `65.

2 The RBI publishes daily reference rates for the USD, the Euro, the Japanese Yen, and UK Pound Sterling. However, the USDINR rate is the most widely tracked exchange rate in India.

3 The `$ exchange rate is determined by market forces of demand and supply.

4 Exporters and global investors into India supply dollars; importers and global investors who take money out of India demand dollars.

5 When foreigners invest in India, and we have a good export growth, the rupee appreciates. When we import too much and foreigners sell off their investments in India, we have rupee depreciation.

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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

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