Dollar-Rupee fluctuations impact exporters and importers

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Hyderabad, Sep 30 (UNI) Federation of Andhra Pradesh Chambers of Commerce and Industry President Suraj Prasad Agarwal today said the volatile dollar-rupee fluctuations have a significant impact on the financial results of the exporters and importers.

Inaugurating the one-day workshop on 'Managing Your Currency Risk, organised by the Geojit Financial Services, a leading retail financial services company, and the National Stock Exchange of India Ltd. (NSE) here he said it was therefore critical that they understand the need for effective currency risk management.

Geojit's Head of Sales Mr.Renjith R.G. said in an effort to encourage participants to trade, Geojit has waived brokerage on currency futures trading till September end.

He said Geojit, one of the leading retail financial services companies in the country and in the Middle East, listed on the BSE and NSE, has over 450,000 clients, a countrywide network of over 450 branches and more than Rs.7,500 crores in Assets under Management as on March, 31 '08.

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