TIMSR organized a Management Development programme on Dynamics of Foreign Exchange Market on 5th March 2017. The MDP was designed to meet the needs of industry professionals and traders to understand Global foreign exchange market and the effects of various fundamentals on the exchange rates. The pedagogy for this program included conceptual understanding, discussion, and case analysis to enhance the understanding of concepts. The programme helped participants to understand the Market Participant, Currency exchange Rate Quotation, RBI Reference Rate, Fundamental factors affecting foreign exchange rate, International parity relations (covered and uncovered interest rate parity, purchasing power parity, and the international Fisher effect), Impact of fluctuation of Rupees and Dollar on Indian Economy and effect of demonetization of Indian Rupee on Exchange rate. Resource Persons for the programme were Prof. Chitra Gounder and Prof. Akhil Shetty of TIMSR, Mumbai. The MDP covered the topics Foreign Exchange Market Exposure and Purchasing power parity theory.
