Go for hedging to minimise forex risk: Experts
Sharath Chowdary With the changing dynamics and increased volatility of exchange rates across the globe, currency prices fluctuate all the time and they are open to risk in the foreign exchange market just like any other financial market. While importing or exporting goods to other countries, the value of foreign currency may change and this may result in huge losses to companies. Hedging is the best way to minimise the risk for trading companies and individual investors participating in the forex markets, Pratap Chandiramani, Head - Corporate Business (Currency Derivatives), Bombay Stock Exchange (BSE) told The Dollar Business. He was participating in a seminar on ‘Managing Currency and Commodity Risk’ organised by Karvy Stock Broking and Federation of Telangana and Andhra Pradesh Chambers ...
Marine exports fetch $5.5 bn forex earnings for India in 2014-15
The Dollar Business Bureau Marine products exports from India recorded an all-time high registering a growth of 10.05% in the last fiscal. Touching a one million tonne mark, marine exports fetched foreign exchange of $5.5 billion to the country during the period. Addressing a press conference on Thursday, Leena Nair, chairman, Marine Products Export Development Authority (MPEDA), said, “During the financial year 2014-15, exports of marine products reached an all-time high of $ 5511.12 million. Marine product exports crossed all previous records in quality, rupee value and $ terms.” By accounting to total quantity of 10, 51,243 MT valued at Rs 3,34,41.61 crore and $5511.12 million, sea food exports grew 6.86 % in quantity, 10.69 % in rupee and 10.05 % ...
