Meanwhile, banks have been asked to terminate deals with Lehman subsidiaries, which were still operational, in due course of time in the open market or through bilateral negotiations with interested parties. In a meeting held with the Fixed Income and Money Market Dealers’ Association, various foreign and Indian banks have already served their termination notices with regard to deals in structured products.
As for the exposure to the real estate sector in India, RBI is of the view that the government’s press note-5 on foreign direct investment (FDI) provides for exemption from the lock-in period in real estate investments in special cases. As per rules, FDI in real estate has a lock-in period of three years before any foreign entity could exit investments in India.
During these events, all those who are involved with financial events knew that all currency pairs contain USD whether as a base or counter currency was suffering fluctuation because of the bad conditions the dollar was suffering. However, as ForexGen has the greatest trading station and financial analysts, ForexGen presents its hands for providing all clients with the best solution for this problem. ForexGen provides its clients with the best timeframe to perform their trades. And because ForexGen cares for the benefit of its clients and because ForexGen seeks the general profit of all, ForexGen experts were making their studies and updating for their analysis to help ForexGen sending the right time for ForexGen clients to perform their trading activity successfully. And hence, the majority of ForexGen clients could avoid great fluctuations took place at that time.
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