1. Introduction to International Finance 1
1.1 Introduction
1.2 International Capital Market
1.3 Balance of Trade and Balance of Payment
1.4 International Capital Budgeting
1.5 International Commercial Terms
1.6 Summary
1.7 Keywords
1.8 Self-assessment Questions
2. International Monetary and Financial System 21
2.1 Introduction
2.2 International Monetary System
2.3 International Financial System
2.4 Evolution of Exchange Rate System
2.5 International Monetary Fund
2.6 The World Bank
2.7 Summary
2.8 Key Words
2.9 Self-assessment Questions
3. Documents Used in International Trade 49
3.1 Introduction
3.2 Different Documents in International Trade
3.3 Methods of International Payment
3.4 Letter of Credit
3.5 Summary
3.6 Key Words
3.7 Self-assessment Questions
4. External Commercial Borrowing
4.1 Introduction
4.2 External Commercial Borrowings
4.3 Procedure for GDR/ADR
4.4 Summary
4.5 Key Words
4.6 Self-assessment Questions 83
5. Foreign Investment in India
5.1 Introduction
5.2 Important Directives of RBI
5.3 Foreign Direct Investment in India
5.4 Foreign Technical Collaboration
5.5 Portfolio Investment
5.6 Procedure for Opening Branch/Project/Liasion Office
5.7 Summary
5.8 Key Words
5.9 Self-assessment Questions 103
6. Direct Investment Outside India
6.1 Introduction
6.2 Investments Outside India
6.3 Provisions of Taxation
6.4 Summary
6.5 Key Words
6.6 Self-assessment QuestionN 127
7. Foreign Exchange Markets
7.1 Introduction
7.2 The International Foreign Exchange Market
7.3 The Foreign Exchange Market in India 143
7.4 Quotation of Exchange Rates
7.5 Scenario of Exchange Rates in India
7.6 Summary
7.7 Key Words
7.8 Self-assessment Questions
8. Foreign Exchange Risk Management 171
8.1 Introduction
8.2 Foreign Exchange Risks
8.3 Forward Contracts
8.4 Options and Futures
8.5 Swaps
8.6 Country Risk
8.7 Summary
8.8 Key Words
8.9 Self-assessment Questions
9. Export / Import Finance 229
9.1 Introduction
9.2 Import Finance
9.3 Export Finance
9.4 Borrowing or Lending in Foreign Exchange
9.5 RBI Guidelines Regarding Exports
9.6 Summary
9.7 Key Words
9.8 Self-assessment Questions
10. Facilities for Residents & Non Residents 255
10.1 Introduction
10.2 Facilities for Resident Indians
10.3 Exchange Earner's Foreign Currency (EEFC)
10.4 Facilities for Non Residents
10.5 Surnmary
10.6 Keywords
10.7 Self-assessment Questions
11. Institutes Involved in International Trade 307
11.1 Introduction
11.2 Reserve Bank of India
11.3 Export Import Bank of India
11.4 Export Credit Guarantee Corporation of India
11.5 Foreign Exchange Dealers' Association of India
11.6 Directorate General of Foreign Trade
11.7 International Chamber of Commerce
11.8 Summary
11.9 Keywords
11.10 Self-assessment Questions
Appendix A: Suggested Reference Books 341