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SlideShare Explore Search You. Foreign exchange market and it's structure in india. Show related SlideShares at end. Full Name Comment goes here. Are you sure you want to Yes No. It can be yours: Gagan AppachuStudent at Don Bosco Institute of Technology, BANGALORE. Sashi ReddyStudent at St hopkins. Embeds 0 No embeds.

Project Report on Foreign Exchange Market in India

No notes for slide. Foreign exchange market and it's structure in india 1. What is Foreign Exchange? Saturday, October 31, Nitin Kulkarni IF 4 5.

Saturday, October 31, Nitin Kulkarni IF 5 6. Foreign Exchange Management Act Structure of Forex Market in India Foreign Exchange Management Act Central Govt. Authorized Money Changes Authorized Dealers Saturday, October 31, Nitin Kulkarni IF 6 Full Fledged Restricted 7. Authorised Persons Authorised Dealers Commercial Banks State Co-op Banks — 1 Financial institutions FI -4 Factoring Agencies -5 Full Fledged Money Changers Department of Post Others Th C kState Co-op Banks — 1 Urban Co-op Banks -2 Factoring Agencies -5 UCB,FFMC Thomos Cook India Ltd.

Foreign Exchange Market in India - Paper Tyari

Authorised Persons R t i t d A th i dAuthorised Dealers Commercial Banks State Co-op Banks — 1 Restricted Authorised Dealers Category — I - FI Full Fledged Money Changers Department of Post State Co-op Banks — 1 Urban Co-op Banks -2 Activities Activities incidental to financing of international trade related activities undertaken by these UCB,FFMC Activities All Permissible valuation techniques discounted cash flow earnings quality measures of and capital account activities undertaken by these institutions.

I Foreign Exchange Dealer's Association of India FEDAI was set up in as an Association of banks dealing in foreign exchange in India typically called Authorizedforeign exchange in India typically called Authorized Dealers - ADs as a self regulatory body and is incorporated under Section 25 of The Companies Act, Saturday, October 31, Nitin Kulkarni IF 9 Large New York banks also have branches in Tokyo, Frankfurt, and London.

Thus, they are in contact with all financial centers 24 hours. Saturday, October 31, Nitin Kulkarni IF 16 Wholesale Market Corporates Banks Financial Intermediary Central Banks Hedge Funds Speculators States Saturday, October 31, Nitin Kulkarni IF 19 Structure foreign exchange market india Kuwaiti Dinar Saturday, October 31, Nitin Kulkarni IF 22 This type of structure foreign exchange market india is known as a Managed or Dirty floatcompromise is known as a Managed or Dirty float i.

STRUCTURE OF FOREIGN EXCHANGE MARKET | Management Paradise

Chinese Yuan, Indian RupeeYen Saturday, October 31, Nitin Kulkarni IF 23 It is replaces paper by electronic fund transfer by secure SWIFT Codes ,thereby reduces Transaction costs. SWIFT Codes USD United States Dollar INR Indian Rupee JPY Japanese Yen GBP Great Britain Pound CHF Swiss Franc Saturday, October 31, Nitin Kulkarni IF 25 It is a communication network that links the computers of aboutcommunication network that links the computers of about banks to the computers of Federal Reserve Banks Saturday, October 31, Nitin Kulkarni IF 26 While corresponding with the Citi or HSBC SBI would refer its account with former two as Nostro account means ourits account with former two as Nostro account, means our account with you.

All foreign exchange transactions are routed through Nostro accounts. Saturday, October 31, Nitin Kulkarni IF 27 Bank of Baharin and Kuwait may open an account with State Bank of India and draw drafts on the accountwith State Bank of India and draw drafts on the account. In the interbank market, the bank will accept the rate as dictated by the market. Thus the interbank buying rate forms the basis for quotation of buying rate by the bank to its customer.

Saturday, October 31, Nitin Kulkarni IF 33 It can acquire FE from the market at the market selling rate. Therefore,the interbank selling rate forms the basis for quotation of selling rate to the customer by the bank.

Merchant Buying Rates Interbank Market Rate Merchant Selling Rates Interbank Market Rate Foreign exchange market-final ppt my. Start clipping No thanks.

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