About Book:

       The book continues the tradition of providing a blend of sound theoretical knowledge of foreign exchange economics with practical and procedural aspects of banks and other institutions connected with foreign exchange. Adequate coverage has also been provided for risk management by corporates and banks. Each topic is comprehensively dealt with, looking at it from every angle, viz., the conceptual framework, exchange control regulations, rules of FEDAI and the International Chamber of Commerce, and procedures of banks. It presents in a cogent and understandable manner materials that lie scattered and sometimes not easily accessible.

The recent editions of the book were strengthened by including current relevant topics as they emerged and also updating material with latest regulations. These include:

• Changes brought in by the provisions of UCP 600;
•  Global and European economic crisis and its impact on India;
• Currency futures in India;
• Interest rate futures in India;
• Uniform Rules for Bank-to-Bank Reimbursements (URR 725);
• Foreign Currency Exchangeable bonds;
• Incoterms 2010;
• Interest on export credit;
• Foreign Trade Polic