It contains the description and analysis of the risk management strategies, foreign exchange transactions, with a view to gaining an insight into the impact of these issues on economy.The Indian financial system has undergone a considerable change in the recent past. Only a few years ago it used to be a closed, opaque, classified system shaped and regulated by the bureaucrats of the finance ministry.The scenario today is very different.Since 1991, gradually, it metamorphosed into a substantive, self-regulating system and developed as one obeying no rules or dictates other than those...