To acquaint students with the theory of Foreign exchange market and transactions
Foreign Exchange Markets: Meaning, Functions , Factors influencing exchange rates.Major Participants: Spot, Forward Exchange , Future, Option, Arbitrage
Exchange Control- Meaning, Features, Objectives, Methods, Merits & Demerits, Exchange control in India. Balance of payment: Meaning, Components, BOP v/s BOT, Disequilibrium in BOP, Rectification of disequilibrium.
Determination of exchange rates –Equilibrium Rate of exchange-Mint Parity theory-PPP theory and Balance of Payment theory. Causes of fluctuations in Exchange rates. Fixed and Flexible Exchange Rates.
International Banking: Meaning, Features, Types of International Banking offices and Offshore Banking.
Foreign Aid to India- Role, Impact of Foreign aid on India’s Economic development and Problems of Foreign Aid. WTO- Introduction, Objectives, Functions and India & WTO.