of banks • Commercial banks deal in foreign currencies, holding assets and liabilities in foreign denominated currencies • Exposure to Foreign Exchange Risk
Commodities Commodities Pricing • World economy growth • Improvements in EM fundamentals EM Growth Drivers • Economic and political reforms Political Drivers
and INR are the 18th most traded currency in terms of daily forex market turnover with daily turnover of $58 billion • BRL is the 19th most traded currency in terms of daily forex market turnover with daily turnover of $51 billion
offers 11 currencies for trading Foreign Exchange • Currently offers 12 major currencies, only ZAR and RMB classified as EM currencies Cross Border Transactions • Reverse Remittance Service