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.
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
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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