India: Unhedged Currency Risk of Corporations

Many people think that a firm gets exposed to currency risk owing to imports, exports and foreign borrowing. This is an incomplete picture. Suppose a firm switches from importing steel to buying imported steel from a domestic dealer.

Obtaining Liquidity for Illiquid Stocks

by Ajay Shah, ajay shah blog The Problem While there are thousands of listed companies in India, for all practical purposes, stock market liquidity is the exclusive preserve of large companies. For small securities, the conventional continuous market presents daunting problems of liquidity. In conventional continuous trading, the price is made by the orders that …