
Rupee Money Conference 2023 Rupee and Chandrayaan: New Beginnings – Exploring the Unknown
Jul 11, 2024
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Rupee Money Conference is an annual event, which had its first edition in 2014, that brings together the entire ecosystem of the financial markets comprising Bank treasuries, corporate, brokers, regulators, economists, and Government officials and deal with vital areas that need reforms and deregulations which contribute not only to the development of the market but also creating a level playing field for various segments of the market with the objective of international trade and business development thus contributing to Indian Economic Growth. The conference has been mentored by Mr. G. Padmanabhan - Former Executive Director, Reserve Bank of India since its inception.
The Annual Conference has always been a culmination of various thought-provoking engagements done through the calendar year. Some of the critical market impacting debates, between various stakeholders in the financial markets – participants, regulators, technology partners, industry thought leaders and government sector participants has led to regulatory changes from discussions initiated and emerging from our Annual Conferences.
The 10th conference, held in 2023, focused on what lay ahead for both rupee and interest rate markets, emphasizing crucial themes such as the globalization of the Rupee, Bond index inclusion and technological advancements, specifically GIFT City. The conference aimed to provide a platform for thought leaders to share insights and strategies to overcome these challenges.
Distinguished Speakers with their Views
Some of the distinguished speakers at the RMC 2023 included:
Mr. G. Padmanabhan, former Executive Director of the Reserve Bank of India, served as the conference mentor. His vast experience and deep insights into the functioning of the financial markets provided a guiding light for the discussions.
As the Chief Guest, Prof. Ananth Narayan, a Whole-Time Member of SEBI, shared his expertise on market regulations and their impact on the rupee and interest rate markets. His keynote speech set the tone for the conference, offering a regulatory perspective on current financial trends.
Mr. KV Kamath, Chairman, Jio Financial Services offered invaluable analytical insights into economic trends and their impact on Indian financial markets.
Mr. Neelkanth Mishra, Chief Economist and Head of Global Research at Axis Bank, provided critical perspectives on economic research and market dynamics for understanding the broader economic landscape.
Mr. Brain Andreyko, Chief Product Officer at Edgewater Markets, discussed technological advancements and product innovations that were shaping the future of financial markets.
Highlights of the Conference
Internationalization of the rupee was the main topic at the 2023 conference as it could boost India's prospects in the world market by making the Indian Rupee more available and useful globally. Ananth Narayan Gopalakrishnan – Whole Time Member, Securities and Exchange Board of India delivered the Chief Guest address on how this can move from a concept to reality.Another major focus was the inclusion of Indian bonds into global indices with a panel led by Latha Venkatesh – Executive Editor, CNBC TV18. This would attract more international investors, leading to greater liquidity and market depth. The discussions aimed at identifying the steps required to achieve this and how it would contribute to the Indian economy as well. Gujarat International Finance Tec-City (GIFT City) was one of the more import topics discussed led by Supriyo Bhattacharjee – Chief General Manager, Head - Department of Banking Regulation and Development, IFSCA and followed by a panel comprising of Moderator: Ashok Gautam - Managing Director & Chief Executive Officer, India International Bullion, Exchange IFSC Ltd. (IIBX), Gopalaraman Padmanabhan – Former Executive Director, Reserve Bank of India and Satish Jathan - Sr Vice President, Capital Markets, HDFC Bank.
The conference also delved into Science and Art of Risk Management and Corporate Treasury Management featuring eminent speakers like Jamal Mecklai – CEO of Mecklai Financial, Ramana Kumar CSV – Vice President and Head of Corporate Treasury, Wipro, Namrata Divekar – Head of Treasury. Tata Motors etc. Predictions and trends discussed included potential shifts in policy, the impact of global economic changes, and the implications for investors. Understanding these trends was essential for making informed investment decisions and anticipating market movements. The 2023 Rupee Money Conference provided a comprehensive overview of the current state and future prospects of the rupee and interest rate markets. By bringing together leading experts and industry veterans, the conference fostered a deep and nuanced understanding of the financial markets.
Frequently Asked Questions
What is the role of a treasury team in a corporation?
A treasury team manages an enterprise's holdings, with the ultimate goal of maximizing the firm's liquidity and mitigating its operational, financial and reputational risk. They ensure that the company has enough cash flow to meet its obligations and optimize the management of its financial assets. Treasury team. Treasury of a business is responsible for managing the FX / Currency Risk primarily.
What are the Objectives of Forex Risk Management?
How to Achieve these Objectives?
How do interest rates impact currency markets?
What are the major economic indicators affecting currency values?
Why is understanding demand and supply important in currency markets?
How can one stay updated with the latest trends in currency markets?