Rupee appears to be ranged between 61.50 - 62.59 for some more days. The longer term bias may be towards weakness based on high Inflation and possible weakness in the Euro, says Vivek Murarka, Chief Currency Strategist at Kshitij.com.
Forex risk management is a frustrating experience for most companies. There seem to be a thousand things that can go wrong at any time - the economy, the market, the forecasts, the regulations, the shipment and payment dates - and generally they do seem to go wrong all together, all the time, every time.
Cash-Spot is one of the lesser known technical concepts in the forex market. Nothing earth shattering, really, but it is always good to know the technical details of the market we operate in.
Most exporters price their goods on a 'cost plus' basis. They add a certain cushion for forex volatility to their domestic costs and quote a Dollar price accordingly.
This might be a little basic for old hands in the market, but there is often a misconception among new entrants that the Forward Rate is a forecast of where the rate is going.
Many clients we work with, especially SME clients, and more especially Exporters, tend to prefer an “Option Period†Forward Contract rather than a “Fixed Date†Forward Contract.
One of the most agonizing difficulties commonly faced by the risk manager is not knowing where the market is likely to go. This makes it nearly impossible for him to decide whether to hedge or not to hedge.
Speaking to a number of exporters, importers, CFOs over the last several years, we have felt that most people find forex to be a tough beast to tame and view it with fear.
Vikram Murarka, Founder and Chief Currency Strategist of Kshitij.com, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, spoke about the near-term value of rupee and the recent happenings in the currency market.
Vikram Murarka, Chief Currency Strategist at kshitij.com, in an interview with CNBC-TV18’s Latha Venkatesh cashed in on where do we go from here and if further weakness was in the offing.
In an interview with CNBC-TV18's Latha Venkatesh, Vikram Murarka, Chief Currency Strategist at Kshitij.com spoke about the globally weakening dollar and the risks that are arising in the currency market.