Foreign Exchange Management

Paper Code: 
EMI 623
Credits: 
4
Contact Hours: 
60.00
Unit I: 
INTRODUCTION
  • Foreign trade & Foreign Exchange
  • Balance of payments
     
12.00
Unit II: 
EXCHANGE SYSTEM

Exchange rate system prior to IMF
Exchange rate system under IMF
External value of Rupee
Convertibility of Rupee

12.00
Unit III: 
EXCHANGE CONTROL
  • Objective of Exchange control
  • Methods of exchange control
  • Foreign Exchange Management Act
  • Administration of Foreign Exchange
  • Function of Foreign Exchange Department
  • Correspondent relation between Bank
  • Foreign Currency Accoun
12.00
Unit IV: 
Foreign Exchange Transaction
  • Purchase & Sale Transaction
  • Exchange Quotations
  • Spot & Forward Transaction
  • Ready Exchange Rates
  • Forward Exchange contracts
  • Execution of Forward Contracts
  • Execution of cancellation / Extension of Forward contract
     
12.00
Unit V: 
International Financial Institution
  • International Monetary Fund
  • Special Drawing Rights
  • International Bank for Reconstruction and
  • Development
  • International Finance Corporation
  • International Development Association

 

* A minimum of one case study will be discussed per unit of the syllabi.
 

References: 
  1. M.VY.Phansalkar”, All about Foreign Exchange & Foreign Trade, English
  2. edition, 2005.
  3. “Walter.OCHYMSKI”, Foreign Exchange Management, Book sorge Publication,
  4. 2006.
  5. Julian Walmsley”, Foreign Exchange & Money Markets Guide, John wiley, 2006.
  6. “Yadav”, Foreign Exchange Markets, Macmillan, 2007.