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FIEO, NSE Sign MoU For Creating Awareness on Managing Volatility in Exchange Rates

Chennai:

Port Wings News Network:

Federation of Indian Export Organisations (FIEO) on 6 September signed an MOU with the National Stock Exchange of India Limited (NSE) to impart knowledge to FIEO members on price risk management, hedging on NSE’s platform for products like Currency, Debt, Commodity and to assist FIEO members in raising equity capital on NSE’s EMERGE platform.

The MoU was signed by Dr Ajay Sahai, Director General & CEO, FIEO and Mr Gaurav Kapoor, Vice President, National Stock Exchange of India Limited.

Dr Ajay Sahai, Director General & CEO expressed the need for awareness creation among the members of FIEO, who are largely exporters & importers about the various platforms available on National Stock Exchange for price risk management and hedging their commodities, Currency & Interest rate risk.  Such an initiative, at a time when there is huge volatility in currencies and Rupee breaching new marks every day and the global trade is plagued with uncertainty, is the most timely.

He also stressed the need for awareness for NSE’s EMERGE platform for raising equity capital as an effective alternative for raising capital to address the increasing cost of borrowing as interest rates are moving northward.

Mr Gaurav Kapoor, Vice President, NSE expressed his complete support in raising awareness levels for products like Currency, Debt, Commodity and to assist FIEO members in raising equity capital on NSE’s EMERGE platform. NSE will jointly conduct awareness and educative programmes for members of FIEO and other relevant stakeholders through various road-shows, webinars etc.

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