COVER
STORY
Foreign
Exchange Reserves in India: No Room for Complacency
- - K Seethapathi and Arindam Banerjee
The
burgeoning forex reserves of India have always been
a point of contest. Divergent views are exchanged on
the adequacy and deployment of the reserves. Some even
opine that the ballooning reserves may pose several
problems to the policymakers. This article takes a close
look at the growing forex reserves over the years and
how best they can be utilized.
©
2006 IUP . All Rights Reserved.
COVER
STORY
Indian
Forex Market: Recent Trends
- - Surjit Mohapatra
The
Indian forex market has undergone many changes before
growing into one of the major foreign exchange markets
in the world. However, risk has been an inherent part
of forex markets across the globe and Indian forex market
has been no exception. One of the important factors
that have contributed towards this uncertainity is the
prevailing exchange rate of rupee. The exchange rate
of rupee has experienced several fluctuations and has
been a major characteristic of Indian forex market in
recent times.
©
2006 IUP . All Rights Reserved
TREASURY
An
Insight into Derivatives Market in India
- - Kapil Sharma
Derivative
market has emerged as one of the most important securities
markets worldwide. Though derivative markets is still
in a nascent stage in India, there is an increasing
awareness about this market. This article traces the
development of derivative market, particularly in India,
and discusses its issues and opportunities.
©
2006 IUP . All Rights Reserved
RISK
Volatility
Trading: The Real Game
- - Vinay Mahajan
The
rising number of theorists in the field of stock valuation
has not been able to demistify the subject. Well thats
the bravery of academicians to narrate fundamentals
of field where there are no fundamentals. If equity
markets are illusory what will one say about their derivatives?
The grand illusion! But lets not forget what appears
tough may be dough.
©
2006 IUP . All Rights Reserved
RISK
Transaction
Exposure: Its Management
- - Divya Nigam
International
trade is today experiencing a tough time. Declining
margins are making traders scurry for cover. Volatility
in the exchange rates and the resultant losses have
made adoption of effective risk management techniques
the need of the hour. The article sheds light on transaction
exposure, another foreign exchange risk, and ways to
manage it.
©
2006 IUP . All Rights Reserved
RISK
NPAs
on the Recovery Path
- - Ganapathi Mendali
Non-Performing
Assets (NPAs) are treated as an obstacle in the development
of the banking sector. Further, NPAs decrease the efficiency
of the banking sector as a whole. But in recent years
there has been a substantial improvement in the NPAs
level in all categories of banks in India. This article
discusses the intricate different facets of the development
of NPAs in the Indian banking sector.
©
2006 IUP . All Rights Reserved
FOREX
Transitioning
Towards UCPDC 600
- - TR Shastri
Uniform
Customs and Practice for Documentary Credits, ICC publication
number 500 (1993 revision) is in force since 1994. ICC
has taken up its revision and the revised version UCPDC
600 is expected to be the guiding force for letters
of credit transactions from 2007. The revision exercise
is an opportunity for studying the limitations of the
current version and to effect changes to take care of
technological developments, trade practices and differences
in interpretations.
©
2006 IUP . All Rights Reserved
FOREX
Dollar
vs. Euro War: First Victim Iraq, Next?
- - Aman Preet Singh
The
dollar was once the prominent and darling currency of
the world. However, the birth of Euro came as a threat
to the dollars reign. The US has made several moves
to facilitate the dollar regain its past glory. The
article discusses concerned issues.
©
2006 IUP . All Rights Reserved
SPEECH
Corporate
Governance in Banks in India
- - YV Reddy
©
2005 Reserve Bank of India (www.rbi.org.in). The luncheon
address by Dr. YV Reddy, Governor, Reserve Bank of India
at the Seminar on Corporate Governance for Bank Directors
organized by the Indian Institute of Management, Bangalore;
International Institute of Finance, Washington and the
Indian Banks Association on December 16, 2005 at Hotel
Taj Palace, Mumbai.
BOOK
REVIEW
Safe
Strategies for Financial Freedom
- - Van K Tharp, DR Barton Jr., Steve Sjuggerud
Safe
Strategies for Financial Freedom provides the details
of techniques and strategies of investment portfolio
so that one can build and protect assets in all investments.
Financial freedom of invesments is not about having
thousands of dollars in the bankit is about generating
passive income that surpasses the monthly expenses.
©
2004 Hezekiah, Inc., and Lake Lucerne, LP. All Rights
Reserved. IUP holds the copyright
for the review. |