Group-3Foreign Exchange Market

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School
Algoma University **We aren't endorsed by this school
Course
PMAL 102
Subject
Economics
Date
Nov 11, 2023
Pages
46
Uploaded by BaronGoldfish203 on coursehero.com
1 G. H. PATEL POST GRADUATE INSTITUTE OF BUSINESS MANAGEMENT INTERNATIONAL FINANCIAL MANAGEMENT PROJECT Evolution of Foreign Exchange market In India Submitted to: Dr. Yogesh Joshi Submitted by: Bhavin Vadodariya (19F12) Dhiren Chorwadi (19F61) Jaykishan Raval (19F20) Mitesh Unadkat (19F29)
2 Acknowledgment We are really grateful because we managed to complete out Evolution of Foreign Exchange market in india project within the time given by out professor Dr. Yogesh Joshi. This project cannot be completed without the effort and co-operation of our group members. We also sincerely thank our mentor Dr. Yogesh Joshi for the guidance and encouragement in finishing this report.
3 INDEX Chapter 1 4 Chapter 2 6 2.1 EXCHANGE RATE REGIMES IN EMERGING MARKETS 8 Chapter 3 12 3.1 Early Stages: 1947-1977 12 3.2 Formative Period: 1978-1992 12 3.3 Post-Reform Period: 1992 onwards 13 3.4 Measures Initiated to Develop the Foreign Exchange Market in India 15 Chapter 4 18 4.1 market segment 18 4.2 Market Players 19 4.3 Sources of Supply and Demand in the ForeignExchange Market 20 4.4 Derivative Market Instruments 21 4.5 Foreign Exchange Derivative Instruments in India 23 4.5.1 Foreign Exchange Forwards 23 4.5.2 Foreign Currency Rupee Swap 23 4.5.3 Foreign Currency Rupee Options 23 4.5.4 Cross-Currency Options 23 4.5.5Cross-Currency Swaps 23 4.5.6 Reference: 24 4.6 Foreign Exchange Market Trading Platform 24 4.7 FOREIGN EXCHANGE MARKET: ANASSESSMENT 25 4.7.1 Foreign Exchange Market Turnover 25 4.7 Non-Deliverable Forward (NDF) Market 32 Chapter 5 35 5.1 First Phase of Stability: March 1993 to July 1995 35 5.2 First Phase of Volatility: August 1995 to March 1996 36 5.3 Second Phase of Stability: April 1996 to Mid August 1997 36 5.4 Second Phase of Volatility: Mid-August 1997 to August 1998 36 Chapter 6 39 6.1 Reserve Bank's Intervention and Sterilization 41
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