General Trading Chat

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Global Recession Looms On Broadest Rate Hikes in 5 Decades: World Bank

https://www.ndtv.com/business/globa...rate-hikes-in-five-decades-world-bank-3349067

 

[Shreya Bajpeyi]

It surely will. The economy of India has been growing at a good pace, we can expect that.

 

[Jayanti Mehrotra]

I’m very glad to be part of this thread, it’s helped me throughout my trading journey. Wishing you all good luck for future trades.

 

[timepass]

Guys, can you please analyse this news item let us know in layman terms how it will affect the average joe.

New credit and debit card rules from October 1: Know their impact on you
https://www.timesnownews.com/busine...r-1-know-their-impact-on-you-article-94467607

 

[Indu Ojha]

Hi guys, this is a great forum and a platform where I’ve learned so much from. Good luck to all of you and I hope you achieve your goals.

 

[timepass]

RIP, Tulsibhai

Tulsi Tanti: The wind whisperer who battled storms

https://www.moneycontrol.com/news/b...ind-whisperer-who-battled-storms-9266681.html

 

[Raj232]

Many getting trapped as market unfolds. "MCX LIVE" Delhi

 

[Raj232]

Guys, can you please analyse this news item let us know in layman terms how it will affect the average joe.

New credit and debit card rules from October 1: Know their impact on you
https://www.timesnownews.com/busine...r-1-know-their-impact-on-you-article-94467607

It is similar to the concept of encryption ..
The card / user details will not be stored at the merchant end, it will go to VISA/MASTERCARD and they will give a reference string to the merchant as transaction reference.

What is tokenisation? As per the RBI, tokenisation refers to the replacement of actual card details with an alternate code called the "token"

What is tokenisation?
Ans. Tokenisation refers to replacement of actual card details with an alternate code called the “token”, which shall be unique for a combination of card, token requestor (i.e. the entity which accepts request from the customer for tokenisation of a card and passes it on to the card network to issue a corresponding token) and device (referred hereafter as “identified device”).

What is the benefit of tokenisation?
Ans. A tokenised card transaction is considered safer as the actual card details are not shared with the merchant during transaction processing.

How can the tokenisation be carried?
Ans. The card holder can get the card tokenised by initiating a request on the app provided by the token requestor. The token requestor will forward the request to the card network which, with the consent of the card issuer, will issue a token corresponding to the combination of the card, the token requestor, and the device.

More info on RBI website: https://www.rbi.org.in/commonman/English/Scripts/FAQs.aspx?Id=2917

 

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Maybe the INR will weaken a bit more now :

Exports drop 3.5% in September, imports slide below $60 billion for the first time in seven months
https://www.thehindu.com/business/E...irst-time-in-seven-months/article65968084.ece

 

[timepass]

Doomsday scenario :

Will Credit Suisse trigger another global financial crisis?
https://finshots.in/archive/will-credit-suisse-trigger-another-global-financial-crisis/