PROJECT REPORT

ON
FOREX MARKET IN
INDIA
Submitted to :-
Prof. NIKI SANGHAVI
GNU-CMS
Submitted by:-
Rajvi Raval(25)
FOREIGN EXCHNAGE
Forex
Indian
forex
market

Market
participan
t

Exchan
ge Rate
Currency
Trading
 FOREX OPERATION
Export Finance:-
1)Packing credit
2)Loans against receivable
3) Discount for export bills
4) Inland letter of credit
5) Guarantees
Import Finance:-
1) Collection of import bills
2) Opening of import L/Cs
3) Guarantees
4) Foreign currency loans
 RESEARCH
MAIN OBJECTIVE:-
1)To learn forex operation of Indian banks

SUB OBJECTIVE:-
1) Studying the aspects of foreign operation
2) Studying the benefits of foreign operation
3) Developing various strategies for foreign
business
4) Action point for leveraging business future for
BOB
 Research Design

Explorato Conclusiv
ry e
 DATA INTERPRETATION & ANAYSIS
Que-1:- Do you transecting regularly?

yes
no

100%
Que-2:- If yes, what market do you transact regularly?
Que-3:-If import, what kind of import you are doing?
import
Que-4:-If export, then
0% what kind of you are doing?
export
82%
both
raw material
0% 43% finisged goods
18% 50%
6% semi finished goods
service
35% 0% 50% ready made
33%
27% raw material
finished goods
50%
7% semi finished goods
5% B export
59%
B import
40%
semifinished goods
43% finished goods
52% raw material
readu made
service
semi finished goods
finished goods
raw material
Que-5:-How do you transfer the goods?

60

50

40

30 55.77 Ship

20 Air

28.85 Both
10

0 15.38

Ship
Air
Both
Que-6:-Is there any problem related to receiving payment?

12%

Yes
88% No
Que-7:- Are there any economic benefits to customers?

Strongly agree
0%
17% 8% Agree

21%
54% Nutral

Disagree

Strongly disagree

OPTION NUMBER
Strongly-agree 04
Agree 28
Neutral 11
Dis-agree 09
Strongly dis- agree 0
TOTAL 52
Que-8:- Are you trading regularly?

21%

43% always
13%
often
23%
occasionally

rarley

OPTION NUMBER
Always 22
Often 12
Occasionally 07
Rarely 11
TOTAL 52
Que-9:- What type of trading you are doing?

35%

Only on your asset

65%
For a firm

OPTION NUMBER
Only on ur assest 18
For a firm 34
TOTAL 52
Que-10:-What is your experience level as a trader?

2% Beginner
8%

44% Somewhat Experience

46%
Experienced

Very Experienced

OPTION NUMBER
Beginner 01
Somewhat experience 04
Experienced 24
Very-experienced 23
TOTAL 52
 QUE-11:- Spot forex is more preferable than currency future?

0% Strongly agree

10% 17%
17% Agree

Nutral
56%

Disagree

OPTION NUMBER
Strongly-agree 09 Strongly disagree
Agree 29
Neutral 09
Dis-agree 05
Strongly dis agree 0
TOTAL 52
Que-12:- Which currency pair do you typically trade ?

4% USD/INR

31%
50% CAD'USD

15% GBP/INR

EUR/USD

OPTION NUMBER
USD/INR 26
CAD/USD 08
GBP/INR 16
EUR/USD 02
TOTAL 52
Que-13:-Which system do you primarily trade ?

4% Written
31%
44%
Web browser
21%

Telephone

OPTION NUMBER Service firm

Written 23
Web-browser 11
Telephone 16
Service-firm 02
TOTAL 52
Que-14:- On what basis you are doing market analysis?
Technical analysis
0%

33% Fundamental
44% analysis

23% Combination of two

Neither

OPTION NUMBER
Technical-Analysis 23
Fundamental-Analysis 12
Combination of two 17
Neither 0
TOTAL 52
Que-15:- Which services do you use for trading?

19% 21% Quote Feeds

21% Analysis software

39%

News
paper/magazines

Education
OPTION NUMBER
Quote-feeds 11
Analysis-software 20
News paper 11
Education 10
TOTAL 52
 STRATEGY
 Marketing of strong network of overseas branches
 Canvassing of Deposits from NRIs through overseas network of branches
 Tapping the mergers and acquisitions
 FCNR deposits by which bank offer FCNR denominated loans at LIBOR +
SPREAD rates.
 Providing PCFC to small exporters of Ahmadabad region
 Loan to EOUs
 Seminars and Workshops in Ahmadabad
 Participation in overseas trade fairs to promote new exporters going global
 Financing R&D and new product development for Pharmaceuticals and
Automobile industries in Ahmadabad region
 BOB can provide Export Marketing Services (EMS) TO SMEs of Ahmadabad
region
 BOB should also provide services like factoring and forfeiting to its customers
doing imports and exports, to enhance its forex operations in Ahmadabad region.
 Utilization of large overseas network for tie ups with international payment
gateways like VISA, MASTERCARDS for payments to foreign nationals.
 ACTION POINT
 Payment and settlement system
 Risk management & Regulatory set-up
 adopt best global practices
 up gradation of technology
 Training OF bank staff