All about currency derivatives
Indian companies have, in recent times, grabbed headlines for all the wrong reasons. Swaps, options, exotic derivatives, structured product.the list is endless. As a shareholder, one has seen companies booking losses owing to `currency derivatives'. Naturally, everybody is petrified at the mention of currency derivatives.
Business Line sent some posers to Mr M. Sitarama Murty, former Managing Director of State Bank of Mysore. An expert in forex and money markets, he worked in SBI, Paris, during the critical years of 1990-93. Before that Mr Murthy headed the International Division of State Bank of Hyderabad at Chennai for more than six years (1984-90).