The foreign exchange market in India is growing in both volume and depth. Various kinds of transactions are facilitated by the banks both on a spot and on a forward basis. These include hedging transactions such as currency swaps and interest rate swaps.
Foreign and Indian banks also assist in offshore loan syndication. Other services provided include, financing of foreign trade, arranging the most economical source of supplier credit, etc. Banks also assist in foreign exchange management such as currency management strategies and designing, assessing of liability structures vis-a-vis swaps, interest rates, income, etc.
Centre for Monitoring Indian Economy, Bombay
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Last updated: May 1995.