Tips and Advice for Renting out your property

 Renting out your property may seem like an easy source of income, but it can be a legal minefield. Also you may have to pay tax on the income you earn. If there are disagreements between you and your tenants, it can quickly become a drain on your time and resources. The best way to avoid this is to take the right legal advice at the start.

Solicitors can deal with all areas of landlord and tenant law and are skilled in settling disagreements. But prevention is better than cure. Before you even look for a tenant, a solicitor can help you decide what the terms of the tenancy will be and can build these terms into a written ‘tenancy agreement’ tailored to your needs.

Tenancy agreements

A tenancy agreement is a contract between you and your tenant. This contract can be written or verbal. In England and Wales there is no law to say that landlords have to provide a written tenancy agreement, but it is a good idea to do so. Otherwise, if you have a dispute with your tenant about the terms of the agreement, it is your word against theirs as to what was agreed.

The main advantage of having a written tenancy agreement is that it sets out your rights and responsibilities as a landlord in a way that is legally enforceable. This keeps disagreements to a minimum because both sides know where they stand.

Finding a solicitor

If you don’t already have a solicitor, you can find one at by searching under ‘Landlord and tenant-residential’. Or you can call 020 7320 5650.

Drawing up your agreement

Once you have appointed a solicitor, they will explain your rights and responsibilities as a landlord. You then have the opportunity to explain your specific needs and concerns. This will help the solicitor to draw up a tenancy agreement that is tailor-made to your needs. During this process, your solicitor will cover the following issues with you.

Length and type of tenancy

What type of tenancy do you want? How many tenants will live in the property? What notice will you or your tenant need to give to end the tenancy? How long will the tenancy last?


What restrictions do you want to place on your tenants about keeping pets or playing loud music?


How much rent can you charge? When must the tenant pay the rent? What penalties are there for paying late? When can you increase the rent? Are Council Tax and fuel included in the rent?


What deposit must the tenant pay? Is the property furnished? If so, will the agreement include a list of furnishings and fittings? When should you return the deposit and in what circumstances can you keep it?

All deposits taken by landlords must be held in one of three government-approved tenancy deposit schemes. These schemes make it easier to resolve disputes over deposits.

You must tell the tenant in writing which scheme the deposit is being held in within 30 days of receiving their deposit. If you do not do this, you can be taken to court and fined. Your solicitor can tell you more about tenancy deposit schemes.

Service charges and repairs

Will you provide any services such as laundry, maintenance or meals? Will you be making separate service charges for these? What are your duties to make repairs?


What are your rights to enter the property? It is a good idea to give all these issues some thought before you visit your solicitor, and to take along any documents which may be relevant.

Using the agreement

Once you have a tenancy agreement, make sure that both you and your tenant sign it at the start of the tenancy. You must give your tenant a copy of the agreement if they ask for it.

Related matters

Your solicitor can also give you advice on some of the broader issues involved in being a landlord, such as tax liability and what to do if the property you want to rent out is mortgaged.


If you do have a disagreement with your tenants, there are several ways your solicitor can help. Whether it’s a simple case of checking your legal rights, or something more complicated such as adapting your tenancy agreement, negotiating a solution or even going to court, your solicitor has the knowledge and experience to support you.


Charges can vary between solicitors and depend upon the type and complexity of the tenancy agreement you want. Before you decide who to use, check with a few local solicitors to compare their charges. Remember that you may have to pay more for a more experienced solicitor.

Read more: Conveyancing Camden

Understanding Times When You Need Philadelphia Nursing Home Abuse Lawyer

A nursing home abuse lawyer in Philadelphia can be more than essential for your needs. Check some of the things that matter!

Aging parents and seniors require time, attention and medical assistance. Since many of us cannot provide the same things at home, thanks to our hectic schedules, nursing homes come off as the best possible option. This isn’t an easy decision for the kids and younger relatives, but often is the right thing to do. No wonder, nursing homes are perceived to be great places, where aging people are given dedicated attention and medical supervision.

As heartbreaking as it may sound, nursing home abuse is pretty common, and the number of cases reported in Philadelphia is startling. If you feel your parent or relative is being abused at a nursing home, it is best to consider action. This is a serious offence, which must be reported for further legal action. This is also the precise time when you will need the assistance of a Philadelphia nursing home abuse lawyer. Check some of the aspects you need to know.

• First things first, you should try to understand signs of nursing home abuse. If your parent or senior can still speak, you can look for their statements and use that as the first proof. Otherwise, you will have to find the changes or any negative aspects in checkup reports, which can help in proving medical negligence. Signs of physical abuse are easier to find, as you can check injury marks and often bed sores, which can be due to the lack of attention.

• Thankfully, there are greatly known law firms in Philadelphia that can help you with the case, but you have to be extra careful while making a choice. Unlike many other personal injury cases, nursing home abuse is hard to prove and requires a long legal battle, which can be expensive. Try to choose a lawyer, who is well experienced and can help you with the various aspects of the case.

• It is also very important to understand that anything and everything that your parent face in a nursing home cannot be termed as abuse. Some of the issues and problems that your parents are facing may not be intentional. However, if you think they haven’t been getting the right kind of attention, you have to consider your legal options.

• Your lawyer is the best person to advice you on taking up a case against long-term care facilities. Sometimes, the legal team may find that the legal expenses and costs of investigations are too high, while the compensation may not be adequate for the efforts. In such cases, your lawyer will help you in choosing options for settlement or find another course of action.

• Nursing home abuse laws may vary with every state, and hence, it is advisable to know the basics. Start by talking to your lawyer for the basic laws in Philadelphia along with a few statistics. Some of the nursing homes may be embroiled in more than a few cases, so taking up a case against them should be easier, depending on other things.

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Japan Agrees to Release a Whopping $116 Billion to Support its Economy

It is evident that the Japanese Government has been making efforts to boost its economy. According to the latest news, the government has given its approval to release $116 billion Yen into the economy.

Beijing, China, May 31, 2016 — The government is hoping that the extra money being pushed into the market will help Japan overcome recession. This money will be spent on improving infrastructure and businesses. In the long run, the government hopes that this will attract more and more investors.

The government is also hoping that this extra money will lead to the creation of approximately 600,000 new jobs and will boost the economy by 2%.

The world has been hit by slowed global demand. This, accompanied with reduced domestic consumption and exports, has affected the Japanese economy negatively. The Japanese economy faced constant contractions during the last two quarters and has now gone into recession.

Shinzo Abe, the Prime Minister of Japan, put blame on the previous government. Talking to a group of journalists, the Prime Minister said that Japan is today in a state of recession because the previous administration failed to boost the economy and create growth. He further said that to fight the current scenario, Japan must design a strategy that focuses on creating jobs and raise incomes. This is the only way to achieve sustainable growth in Japan.

The money that the Japanese government is releasing will be used to rebuild areas destroyed by the earthquake and tsunami of 2011 and support regional economies. It will also be used for promoting education and social security.

Yen has been declining
The Prime Minister of Japan has promised to take efficient measures to bring the Japanese economy back on track. One of the first things that the Japanese government plans to do is to make Yen fall in value.

Financial analysts are of the opinion that a weakened Yen will affect the exports positively. Once the Yen devalues, the price of Japanese products will also reduce for foreign buyers. This will lead to an increase in exports. Not just that, Japanese exporters will help pull the economy out of stagnation by putting their extra earnings back into the Japanese markets.

Fortunately, since last November, the Yen has already dropped by 12% against the Dollar. On Friday, it measured 88.97 per dollar.

In a recent statement, the government clarified that it has been keeping an eye on the Yen and will intervene if need be.
In other good news, Japanese share prices have gone up. This has led the Nikkei 225 to gain 1.4%.

Japan has been fighting deflation and stagnancy for many years now. All efforts of Japanese policy-makers to pull the economy out of deflation have failed in the past. The government hopes that the $116 billion stimulus being pushed into the Japanese economy will puncture deflation.

Michael Lane, Global Co-Head of the Investment Management Division at Shizuoka Capital Wealth Management says,” Until now, whatever measures the government has taken, have been aimed at kick-starting the economy. At this point, the government needs to think beyond that.”

Japan has been hit by low demand from its three key markets — US, Eurozone and China. While demand from the US and the Eurozone has declined as these two zones are struggling with their own economies, a decline in demand from China has occurred due to Japan’s territorial dispute with the China. These factors have directly affected Japan’s exports and economy.

Japan’s territorial dispute with China has hit the country especially harder. China is one of the biggest trading partners of Japan. It is also one of the fastest growing consumer markets. At this point, Japan cannot afford to offend China.

Lane says, “If Japan wants to take the road going towards economic growth, it must work on its relations with China. The economists have already predicted that the US and Eurozone will take a while to come out of the financial crisis that has hit them. In such a situation, China can play a pivotal role in improving Japan’s exports and its economy.”

Lane further added, “Other than working on its relations with China, Japan needs to make further efforts to improve its economy. If Japan wants to fight recession, it must attract the attention of global investors across the world. To achieve this, the country will have to start by spending on key areas like healthcare, retail, construction and agriculture.”

Source: Michael Lane, Global Co-Head of the Investment Management Division at Shizuoka Capital Wealth Management

Naoko Yoshi
Shizuoka Capital Wealth Management
Tokyo, Japan

Internal Politics Threatens to Destroy Venture Capital Firm

Los Angeles – Xfund, an investment firm created in 2011 as tech companies were being birthed left right and centre, started falling apart a year ago when the relationship between its two partners went stale.

Paris, France, May 31, 2016 — The two capitalists, Patrick Chung and Hugo Van Vuuren, contended over the rejection of a representative and who controlled the company. The argument putrefied, setting off a series of events including allegations of abuse, a limiting request application, disclosures that a concealed camera was utilized to record a meeting, and an examination by the firm’s financial investors.

Presently the firm, which oversees more than $100 million and has placed cash into new businesses like the genetics organization 23andMe, is in rescue mode. Indeed, even along these lines, Xfund is at no risk of promptly closing down.

Xfund’s main investors — including Saudi Aramco and Jim Breyer, the Silicon Valley investor who supported Facebook — have ended its principle store from making further investments, as indicated by court records. The investors are attempting to correct the asset’s structure to push changes, including conceivably expelling one of Xfund’s investors. The proposed changes, if passed, would deflect Xfund’s shutdown and would mean its investors would stay wrapped up in the asset for no less than 10 more years.

Xfund has arranged to “work through this move and advance,” a representative said.

The mishap offers a look into the murky universe of investment, where associations are easy to shape yet are tricky to unwind. New start-up firms frequently appear, particularly in boom eras, when an investor chooses to set up alone, or with a partner. But their assets, which are made up on a 10-year plan, rarely need to represent their activities and ordinarily do not have a solid corporate administration structure.

When things go wrong, the endeavour assets can limp along for quite a long time, with venture cash tied up in the tiers. After the bust a decade ago, which hurt numerous firms, the funding business did not by any stretch of the imagination shake out in view of these elements. Starting 2015, there were 1,224 venture reserves in the US, up from 1,009 10 years prior and almost twofold from 1995, as per the National Investment Association.

“There are no simple separations in funding,” said Steve Rogers, Director of Asset Allocation at Orix Capital Trading. “A normal investment firm is dynamic for over 15 years, so you can be bogged down with your partners for more than most normal Americans will be with their marital companions.”

Mr. Chung, who will stay with Xfund, and Mr. Van Vuuren, who is being pushed aside, declined through representatives to remark.

Ichiro Hoshi
Orix Capital Trading
Tokyo, Japan

A Chicago Injury Lawyer May Be Vital For Your Accident Case

If you take a look at the statewide data for accidents, personal injuries and medical malpractice in Illinois, you will be surprised. However, what’s more depressing is the fact that many victims don’t get justice. The most number of personal injury cases are related to auto or vehicle accidents. While some never knew they were entitled for compensation, others missed on their chances or didn’t get the right kind of legal assistance. To avoid these situations, it is essential to know your rights and stand for someone else, in the hard times of need. In this post, we will talk of some of the aspects for dealing with auto accidents in general.

Get Medical and Legal Help

For any victim in an auto accident case, the first priority is to get medical attention. If you are personally injured and are in your senses, ask the names of the doctors or paramedics who are involved in the initial treatment. Once you are in the hospital, you need to talk to the police and ask for legal assistance. This is the precise reason why you should keep the number of a trusted and reputed Chicago Illinois injury lawyer handy at all times. In the tougher times, it is often tough to look for right legal services. Usually, there is a good amount of time for filing the case, so ask your family and friends to find a known law firm.

Knowing Legal Assistance

There are many acknowledged firms in Chicago that can help you take your case ahead. Do note that not every auto accident case has the scope for compensation. Of course, the victim might feel that he has faced financial and physical hurdles due to the mistake of someone else, but the lawyer’s advice depends on many aspects. Typically, your lawyer will try to understand the facts of the case and will initiate a preliminary investigation, before taking a stand. Sometimes, the legal expenses of a case may be high, although the final expected compensation may be on the lower side. In such cases, your legal team may advice for a settlement with the other party. However, if your lawyer is in view of pursuing the case, he will do everything else to prove facts in the court.

Choosing a Law Firm

As mentioned, Chicago boasts of a number of law firms, but choosing one requires some attention. Try to look for a lawyer who is experienced enough and can make the right decision for the case. At the same time, the services should be affordable and flexible, to meet the needs of the case. If you have any questions, make sure that you discuss the same with the legal team. In general, lawyers help their clients with insurance claims and other kinds of paperwork, but this largely depends on the arrangement between both parties.

With a good lawyer at work, you can be pretty much at ease with legal formalities and related aspects of the case, especially with compensation claims.
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Merkel, Abe at Odds on How to Improve World Economy

German Chancellor Angela Merkel and Japanese Leader Shinzo Abe differ on how best to boost the worldwide economy ahead of a G7 gathering this month.

New York, NY, USA, May 31, 2016 — While Abe made a trademark pitch for major boost in spending, Merkel said Germany was already doing what is needed, referring to the additional increase in domestic demand brought by the arrival of one million evacuees and transients a year ago.

The leaders of the European and East Asian trade powers will put forward their opposing views when Japan hosts a meeting of the G7 nations— including England, Canada, France, Italy and the US.

Head of Corporate trading at Nikko-Desjardins Asset Management, Stuart Poulson commented, “I think both Germany and Japan are taking the necessary steps towards financial recovery for world markets. With Merkel and Abe at the forefront we see very positive reforms on the horizon even if their philosophies on immediate action differ.”

Abe— who is known for his “Abenomics” endeavours to fortify financial growth through expanded open spending—has been urging G7 countries to make an increased effort to boost the world economy.

“We talked about the world financial situation and that we can’t simply sit tight for typical financial cycles, we need to proactively handle the dangers to restore the global economy,” he said.

“We require an acceleration of basic changes and broad monetary strategies,” he told a press gathering, after a meeting at Germany’s state visitor house, a palace north of Berlin.

Merkel, however, believes that Germany, Europe’s top economy, is doing what is necessary.

“With the numerous displaced people we took in a year ago, we saw a boost in consumption which, from my perspective, will generate improvement in the world economy,” she said.

She said Berlin encouraged a three-tier system of reforms, “We are looking to consolidate strong economic spending policies with improved development and increased investment.

Abe came to the presidency in December 2012 vowing to revive the world’s third-biggest economy.

Abe’s method yielded some results initially when the yen weakened rapidly, making exports cheaper and sparking a securities exchange rally. However, global economic weakness since has seen the yen rebound, as investors rush to the Japanese currency which is viewed as a safe haven.

Arin Takashi
Nikko-Desjardins Asset Management
Tokyo, Japan

Global Bone Marrow Transplant Market Driven by Increasing Incidence of Blood Cancer

A new study by Transparency Market Research (TMR), titled “Bone Marrow Transplant Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024,” states that the increasing prevalence of thalassemia and various types of blood cancers is fueling the demand for bone marrow transplants across the world.

The advancement in healthcare infrastructure worldwide has boosted the global bone marrow transplant market in the recent times. The rise in the disposable income of people, enabling them to afford these expensive treatments, is likely to propel this market significantly over the forecast period.

The global market for bone marrow transplant has been evaluated on the basis of the type of transplant, end user, type of disease, and the region in this research report. By the type of transplant, allogeneic bone marrow transplant and autologous bone marrow transplant have been identified as the key segments of this market. Autologous bone marrow transplants enjoy greater demand than allogeneic bone marrow transplants and this trend is likely to continue over the forecast period.

Based on end user, the market has been classified into hospitals, ambulatory surgery centers, and multispecialty clinics. The demand for bone marrow transplants is the highest in hospitals and is likely to remain so during the forecast period, notes the market study.

By the type of disease, the market has been segmented into blood cancer and blood disorders in the study. The global market is dominated by the blood cancer segment, in which the highest demand for these transplants is for the treatment of leukemia.

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Regionally, the report has categorized the market into Europe, Asia Pacific, North America, and the Rest of the World. Europe has been leading the global market for bone marrow transplants since last few years. The presence of an excellent healthcare infrastructure and rise in the spending power of individuals have prompted companies functional in the Europe medical and healthcare industry to include bone marrow transplants to their product portfolios, driving the growth of this market in Europe.

Analysts project this regional market to maintain its dominance over the forecast period. Other regional markets are also anticipated to exhibit significant growth in the coming years, reports the research study.

The study also presents an analysis of the competitive landscape prevailing in the worldwide bone marrow transplant market by profiling the key market players. Merck Millipore Corp., Sanofi-Aventis LLC., American Type Culture Collection (ATCC) Inc., AllCells LLC, STEMCELL Technologies., and Lonza Group Ltd. are the leading companies in the global bone marrow transplant market, states the research report.

European Central Banks Head Says Lowering Interest Rates Will Entice Investors

The President of the European Central Bank, Mario Draghi, says that lowering interest rates will entice investors and has blamed Germany for creating a global excess of savings. He also stated that Germany’s excess of savings has reduced the flow of investment into the European economy. This statement came after Germany denounced the Bank’s rate policy.

London, England, May 31, 2016 — The ECB has decided to reduce its benchmark refinancing rate to zero. This move has drawn criticism from many German bankers, journalists and politicians who stand in opposition to the move.

Germany has been in a state of constant conflict with the European Central Bank for some time now. According to German sentiment, the ECB is supporting and encouraging euro-skepticism. Moreover, according to a mainstream German newspaper, the ECB has managed to create a situation of “social disaster”.

While criticizing Germany, Mr Draghi also said that the current interest rates were harmful as they exert undue pressure on big businesses, financial companies and pensioners’ income. Mr Draghi went on to say that the real problem was not the interest rates, but a global excess of savings and an unwillingness to invest.

Richard Sharpe, of Acom Tokyo Securities says, “To be able to get rid of a disease completely, it is important to eradicate it from its very core. Fighting the symptoms will bring only a short-term relief. To deal with it in the long-term, it is important to strike at its very root. Germany’s ageing population has been vying to increase savings. At the same time, since productivity has fallen, German entrepreneurs are reluctant to borrow money at higher interest rates. The only way to deal with this problem is to increase the interest rate. This is the only way Germany will see an increase in demand for capital.”

Mr Draghi also called out Germany for maintaining a surplus over 5 percent for over ten years. Bringing perspective to the debate around a single currency, Mr Draghi said that the currency has maintained a 3 percent surplus everywhere else.

However, if interest rates are reduced then maintaining such a high surplus will become quite difficult. The world is already suffering from low real returns and the demand for capital has decreased significantly. In such a scenario there is no country in the world that is capable of absorbing excess savings without causing the returns to decline further.

Mr. Draghi concluded that, in this scenario and with the current world economic climate, reducing central bank’s interest rate is actually a good idea, as it will promote investment. If the ECB refrained from reducing interest rates, investors would lose interest in the European economy and this could prove to have dire consequences. Lowering interest rates is one of the only feasible ways by which the economy can be pulled out of a recession.

Haruki Kasumi
Acom Tokyo Securities Ltd
Tokyo, Japan
+81-327637492 to critically assess customer feedback in a bid to learn more about what customer want

London, UK 31st May 2016 – has announced that it will begin a process of critically looking at all the feedback it gets from customers in a move the provider believes will help it understand exactly what customers really look for and want in services. has said that it is happy with the quality of services offered by its team but it never hurts to learn. The top pharmacology personal statement writer agrees that there is always room for improvement and the best way to actually achieve this is to engage with customers and try to read trends and wants through the feedback they offer. says that it receives thousands of feedbacks each day and this could be a single gold mine that might just play a massive role in bettering its services. A special team will be constituted to do this job and in the end, hopes that it will learn different ways to better its pharmacology personal statements moving forward into the future.

Success in the sector is not easy to achieve and at times it takes a lot of courage to make big decisions. This is something knows and even if the customer feedback call on big changes on how it works to deliver statements for degree in pharmacology, the firm says that it will not shy away from that kind of undertaking.

All the same, has reminded all customers that they have a big role to play now and the extent of how useful its pharmcas personal statement services will be depends on the kind of feedback it gets and the kind of lessons it will learn from them. For more details please go to its website at

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Epic Research Special Stock Market News –31 May 2016

Global markets at a glance

German stocks climbed to their highest in around one World Indices month on Monday as investors bet the euro’s weakness against the U.S. dollar would help German exporters. The DAX ended up 0.5 percent at 10,333.23 points as the euro fell after Federal Reserve Chair Janet Yellen said late on Friday the Fed should raise interest rates “in the coming months” if the economy picks up as expected and jobs continue to be generated. Asian markets were lower to flat early on Tuesday, as markets digested data out of Japan and South Korea. Australia’s ASX 200 was 0.62% lower in early morning trade, weighed by its energy subindex, which plunged 1.2%, as well as a 0.69% decline in its financials subindex. The Nikkei 225 opened effectively flat, in the wake of mixed economic data out of Japan; while in South Korea, the Kospi was mostly unchanged as well. Japan’s industrial output in April saw a 0.3% increase on March’s numbers, beating expectations for a 1.5% fall.

Index stats

The Market was very volatile in last session. The sartorial indices performed as follow; Consumer Durables [up 36.68pts], Capital Goods [up 42.28pts], PSU [up 34.06pts], FMCG [down 4.07Pts], Realty [down 14.58pts], Power [up 7.09pts], Auto [up 207.07pts], Healthcare [down 2.34pts], IT [up 153.30pts], Metals [up 175.58Pts], TECK [up 72.92pts], Oil& Gas [down 37.36pts].


The GDP data for fourth quarter and FY16 to be released today. For Q4, growth is estimated at 7.3 percent with agriculture sector likely to pick up and manufacturing unable to sustain at 12 percent levels.

M&M Q4 profit up 6%, volume growth helps revenue beat estimates

Infosys paid ex-CFO Rs 23 cr including severance: Report

L&T Infotech withdraws 1,500 offer letters, students go on fast

Brokers ‘overweight’ pizza maker Jubilant; but eye earnings call

Maruti temporarily suspends production due to fire at vendor

L&T Infotech withdraws 1500 job offers

IOB – S&P downgrades Long term issuer credit rating to ‘BB’ from BB+’

Petronet LNG starts talks to redo pricing for Gorgon LNG deal

Grindwell Norton board Approves 1 Bonus Share For Each Held

Simbhaoli Sugars board Approves Raising Up To `75 Cr Via QIP Or Rights Issue

S&P lowers Rolta India’s term ratings to ‘CCC-‘ from ‘B+’

FY16 direct, indirect tax evasion was Rs 71,000 crore

Price hike not sufficient for Coal India to offset wage hike

No TDS for PF withdrawals of up to Rs 50K from June 1

Equalisation levy of 6% to come in force from June 1

TRAI issues pre-consultation paper on net neutrality

Stock News

 Tata Motors Q4 -Cons Net Profit At `5,177 Cr Vs `1,716.5 Cr (YoY) -Cons Total Income Up 19% At `80,684 Cr Vs `67,777 Cr (YoY)

 Sun Pharma Q4FY16 YoY -Rev Up 25% to Rs 7634.16 cr vs Rs 6112.4 cr (Est Up 29% to Rs 7925 cr) -EBITDA Rs 2520.31 cr vs Rs 795 cr (Est Rs 2835 cr)

 Aurobindo Pharma Q4 -Net Profit Up 39.4% At `562.9 Cr Vs `403.8 Cr (YoY) -Total Income Up 18.5% At `3,746.8 Cr Vs `3,162.1 Cr (YoY)

 NTPC Q4 net falls 8% to Rs 2716cr, revenue misses estimates


Gold prices fell by Rs 115 to Rs 28,726 per 10 gram in futures trading today as participants cut down their bets after the precious metal fell for the ninth day in overseas market. At the Multi Commodity Exchange, gold for delivery in far-month August was trading lower by Rs 115, or 0.40%, to Rs 28,726 per 10 gram, in a business turnover of 44 lots. Similarly, metal for delivery in June eased by Rs 112, or 0.39%, to Rs 28,491 per 10 gram in 102 lots. Fall in gold futures to trimming of positions by traders, tracking a weak trend in global market as the prospect of higher borrowing costs in the US damped the appeal for the precious metals, strengthening the dollar. Globally, gold fell 0.90% to $1,201.90 an ounce in Singapore, a level last seen in Feb. The international crude oil price of Indian Basket as computed by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 46.53 per barrel (bbl) on 27.05.2016. This was lower than the price of US$ 47.23 per bbl on previous publishing day of 26.05.2016. In rupee terms, the price of Indian Basket decreased to Rs. 3120.17 per bbl on 27.05.2016 as compared to Rs. 3178.11 per bbl on 26.05.2016.


Breaking its three-day rising trend, the rupee retreated from its one-week high to close at 67.16 against the US currency on fresh bouts of dollar demand from importers. A renewed strength in dollar, which climbed to a two- month high against other major currencies, predominantly pressurized the local unit. However, expectations of strong capital inflows amid surging local equities helped the domestic currency in recouping some losse. The greenback has strengthened broadly in recent weeks since the FOMC released its hawkish April meeting minutes and comments by Fed officials suggested that the US central bank could raise rates as soon as early next month. At the Interbank Forex market, the domestic unit commenced substantially lower at 67.21 compared to last weekend’s closing level of 67.03 and kept descending to hit a fresh intra-day low of 67.37 due to strong dollar demand. But, it staged a remarkable rebound toward the fagend following some dollar selling through state-run banks and finally settled at 67.16, revealing a loss of 13 paise, 0.19 %.

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