Re: [MTC Global] Currency Futures in BSE

Tarun Sir,

I have a question.

"A virtual instrument" is made to trade with "another virtual instrument" and creating "new virtual instrument{either gain or loss}" that is leading to "negative impact" on the real economy.

Does this make sense?

Thanks,
Ekambar

On Mon, Dec 2, 2013 at 11:52 AM, Tarun Das <das.tarun@hotmail.com> wrote:

I have not read the article. But, I welcome such derivatives of foreign exchange markets for India. In developed countries, currency futures is an important and common derivatives of foreign exchange  markets for active debt management. In a way it provides specified foreign exchange at an agreed exchange rate in future and could be beneficial for a debtor if the actual rate of depreciation happens to be lower than the agreed rate for currency futures. So there is no harm if such derivatives are developed for Indian borrowers of external loans denominated in foreign currency and for exporters and importers who resort to short term trade loans in foreign currency.

Dr. Tarun Das
World Bank Technical Adviser (Public Debt Management and Policy)
Deepening MTBF and Strengthening Financial Accountability Project
Ministry of Finance, Government of Bangladesh,
20th Floor, 6th Building, Bangladesh Secretariat, Dhaka.
Website: www.spemp.com/ www.mof.gov.bd/dmtbf

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Date: Mon, 2 Dec 2013 11:19:41 +0530
Subject: [MTC Global] Currency Futures in BSE
From: ekambarkodali@gmail.com
To: join_mtc@googlegroups.com

Hi All,

Hope you have seen the news article about introduction of Currency Futures trading in BSE the other day in Economic times.

What is your opinion on the same?

--
Ekambar Kodali
Pg. Mgr/Sr. Con/Arch
Worlds No. 1 IT Company
9966208523

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Ekambar Kodali
Pg. Mgr/Sr. Con/Arch
Worlds No. 1 IT Company
9966208523

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