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Risk, reward, and relentlessness: Why young Indians keep trading despite losing money

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Risk, reward, and relentlessness: Why young Indians keep trading despite losing money

First, a consultation paper published by the Securities and Exchange Board of India (Sebi) said in 2023-24, on average, 85 out of every 100 individuals trading in index derivatives, lost money. Once the cost of trading was taken into account, 90 out of 100 lost money. Second, the paper pointed out that on average a … Read more

RBI allows resident Indians to open dollar accounts in Gift City. What this means for you

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RBI allows resident Indians to open dollar accounts in Gift City. What this means for you

The Reserve Bank of India has allowed resident Indians to open foreign currency accounts in Gift City (IFSC near Gandhinagar, Gujarat) for purposes permitted in the Liberalised Remittance Scheme (LRS). Earlier, these accounts were limited to investing in securities in Gift City and education-related payments. This broader scope for remittances can be a game-changer for … Read more