Vasconcellos GM, Kramer J (1998) Random walks in the UK Pound/USD exchange rates. It can be observed from Table 17 that 80 of the responses are in favour of this view. Conclusion It is construed from the questionnaire survey results that forward contracts play an important role in addressing the exchange rate risk. Newbold P, Wohar M, Rayner T, Kellar N,Ennew C (1998) Two puzzles in the analysis of foreign exchange market efficiency.
Perspectives on Forward Premia in India Forex Market: A Study
Ajay Shah and Ila Patnaik 8 highlighted that forward market in India consists of exporters and importers who fx-forex viper are free to hegde or not to hedge depending on their expectations about currency movements, which affects forward premia. Yes, the Cash-Spot and Cash-Tom rates are"d on most forex rate services such as Reuters, Bloomberg, Newswire 18 and Tickerplant. Since portfolio investments, in general, are not deployed for a longer tenor, hot money flows from FIIs may be monitored closely. Indian foreign exchange market has matured in terms of depth, liquidity and efficiency especially after introduction of market determined exchange rate regime in March 1993 and gradual liberalization of inflows and outflows in foreign currency. The following table portrays some of the qualitative attributes.