By killing its Excel-based accounting model for FX transactions, the Indian FMCG group has saved both time and the money lost through costly human-based errors.
The Reserve Bank of India has released futher guidelines around hedging, this time simplifying hedges under US$30 million in a move to improve access for SMEs.
An MNC can now enter hedging agreements in India, but it will have to process the instruments via a tri-partite agreement with an Indian bank, the MNC's Indian subsidiary and its own treasury function.
A Bloomberg special report, “FX Trading in ASEAN and India”, examines the macroeconomic and sociopolitical factors impacting the region’s FX developments.
As the world comes to terms with a Trump presidency, CT asks treasurers in Asia whether they have priced in the result and adjusted for short- and long-term volatility.