Overview Forex One Session -Vrd-feb15
Transcript of Overview Forex One Session -Vrd-feb15
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Academy of Excellence Inventing Methods for Igniting Minds
Academy of Excellence Inventing Methods for Igniting Minds April 27, 2016 TC Baroda 1
Forex Overview
By
Baroda Apex AcademyAhmedabad
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Academy of Excellence Inventing Methods for Igniting Minds
Academy of Excellence Inventing Methods for Igniting Minds
Learning Objectives
To get acquainted with :1. Regulator
!. "i##erent Rate and it ue
$. "i##erent "eal % Forward &ontract'. Authori(ed )eron
*. F+"A, - / Rule
0. F+A guideline
a. Remittance by Reident ,ndian % 2R3
b. Reident 4 5on Reident &urrency 2imit
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Academy of Excellence Inventing Methods for Igniting Minds
Academy of Excellence Inventing Methods for Igniting Minds
Regulation % Regulator
Government’s Policies & GidelinesMin of !inance Min of "ommerce
#$I% !EMA% !EAI% !'P% G!'% EP"
"stoms% Excise% "stoms% ExciseExim $an(
$an(’s O)n Gidelines
Lending Policy% Processing% #is( ManagementOther Agencies
E"G" * Garantee to $an(+Ex,orters
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Academy of Excellence Inventing Methods for Igniting Minds
Academy of Excellence Inventing Methods for Igniting Minds
Factor determining +xchange Rate
Demand / Supply situation in Forex Maret Balan!e o" #ayment – Generally sr,ls leads to a stronger
crrency% )hile a deficit )ea(ens a crrency
+conomic – A high Inflation rate leads to a fall in thevale of crrency% and vice versa ,nteret Rate – -igh interest rates attract overseas
ca,ital leads in a,,reciation of crrency in short term. Inlong term% high interest rates slo)s the economy and
)ea(ens the crrency )olitical iue - Inflencing factor / Political stability
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Academy of Excellence Inventing Methods for Igniting Minds
Academy of Excellence Inventing Methods for Igniting Minds
+xchange Rate echanimType o# "eal
&ah T 6 7
Tom T 6 1
3pot T 6 !
0#ate at )hich deals are done. 'hey are also the base
rates for other !E1 #ates2
Forward T 6 8 ! Forward &ontract may be #or a #ixed date or #or a period
9option period i maximum $7 day i# it i in day or a Fullonth i# it i in month
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Academy of Excellence Inventing Methods for Igniting Minds
"i##erent Rate
32 '' $ying '' 4elling
52 $ill $ying $ill 4elling62 '" $ying '" 4elling
72 "8 $ying "8 4elling
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Authori(ed )eron % A4c
;aving 2icene #rom RB, #or Forex Buine
;aving emberhip o# F+"A, #or doing buine Athori9ed ealers * $ranch "ategory A + $ + "
Money "hangers * 0!!M"s & #M"s2
Offshore $an(ing :nits * 8ot dealing in Local crrency
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F+"A, - Role and Rule o# F+"A,
Hours of Business
Export Transactions
Import Transactions Clean Remittances
Forward Contracts
Dealing through accredited Brokers Inter Bank ettlement
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Releae o# Foreign exchange by A)
aintenance o# cloerelative> 9each category
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&urrent A4c % &apital A4c
Tranaction a##ecting Revenue> )ro#it % 2oaccount are &urrent A4c Tranaction
+xample - ,mport - +xport> Remittance #or ?i#t>
Travel> +xpenditure> Family aintenance
Tranaction a##ecting Balance 3heet> Aet or
2iabilitie are &apital A4c Tranaction +xample - ,mmovable )roperty> +quity 3hare>
,nvetment> Borrowing> +&B
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2iberied Remittance 3cheme
Reident ,ndividual only
aximum = !>*7>777 per F@ per ,ndividual. &an
be clubbed #or Family ember Any number o# tranaction within limit.
Any permiible &urrent A4c or &apital A4c
tranaction including purchae o# ,mmovable)roperty abroad
?i#t 4 "onation now covered under 2R3.
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