Syllabus
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Course Code: IMS-808 Course Name: Finance - Foreign Exchange Management |
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| MODULE NO / UNIT | COURSE SYLLABUS CONTENTS OF MODULE | NOTES |
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| 1 | Concept of Foreign Exchange and Foreign exchange management. Foreign Exchange Market: Nature, participants and structure. Foreign exchange quotations: Direct and indirect. Convertibility of Rupee, current account convertibility and capital account convertibility. | |
| 2 | Exchange rate: meaning, determination theories, factors affecting, flexible vs. fixed exchange rates, Exchange rate regime, Liberalized Exchange Rate Management System (LERMS) and amended LERMS, Currency Forwards. | |
| 3 | Important features and functioning of Currency Futures, Currency Options and Currency Swaps. Currency Forwards vs. Currency Futures Contracts. | |
| 4 | Foreign Exchange Exposure: introduction, nature and magnitude. Types of exposure: transaction, translation and economic; their measurement and management. | |
| 5 | Foreign Exchange Control in India, RBI guidelines regarding Forex, FERA vs FEMA, Important provisions of FEMA | |
