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Internal
Assignment Applicable for December 2017 Examination
International
Finance
1. NIFTY of NSE touch 10,000 in August
2017, which external factors are responsible for this level? What are the
different forms of investment by foreign investors in Indian market? (10 Marks)
2. There is a tension between North Korea
and USA, both the countries are in state of war. What will be the impacts of
this event on foreign treasury of INDIA?
3. MUMBAI: In what could be a sign of
things to come with gushing liquidity coupled with rising optimism about policy
reforms in the country after the Rajya Sabha approval for bringing in the Goods
& Services Act, the Reserve Bank of India intervened to temper the Indian's
Rupee's appreciation versus the US dollar, said three currency dealers.
Expectations are rising that global investors starved of returns from fixed
income investments may raise their investments into the highest yielding
emerging market as government's actions provides them the comfort of prudent
economic policies. "Depending on the global risk sentiment we could see fund
flows into India continuing in the coming months," said Brijen Puri,
managing director, head of markets, JP Morgan (India). "It would be an
opportunity for the RBI to shore up our dollar reserves, which could be used to
moderate volatility in future" On Thursday, some state-owned banks were
buying dollars in early trades on behalf of the central bank, when the rupee
opened stronger by 15 paisa to the greenback. Later, it pared gains to close at
66.92, up 0.10 per cent from 66.99 on Wednesday. The rupee is now expected to
trade in the range of 66.50-67.50 per dollar versus 67-68, seen a few weeks
ago, dealers said. The implementation of GST from next fiscal, though could be
inflationary in the short term, may add to the gross domestic product by as
much as 2 percentage point. That coupled with better tax compliance and higher
rates on services could bolster the government's finances. The perennial fear
of government's fiscal being dodgy could also end. "Unanimous decision to
amend the constitution to pave way for introduction of GST is a big positive
and will renew optimism among foreign investors," MS Gopikrishnan, head of
FX, rates and credit trading at Standard Chartered Bank. "While the rupee
market had largely priced in the amendment, higher inflows from overseas
investors should help the rupee to appreciate." Source: Business World
Q3. A. One Tax One Nation – GST introduced
by government in July 2017, explain its impact on the currency Indian currency
value. What are the advantages and disadvantages of GST to exporter?
Q3. B. How GST will help India to
increase foreign capital? Why it is said in paragraph “GST could be
inflationary in short term”? How inflow of FOREX will increase due to GST? (5
Marks)
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