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ECB will lend 800 financial institutions 529.5 billion euros ($712.2 billion) for 3 Yrs, Indian inflation eased to 6.55% in January 2012, Dec IIP growth slows down to 1.8% vs 5.9% in Nov Dec IIP growth slows down to 1.8% vs 5.9% in Nov, Economic growth is likely to fall to a three-year low of 6.9% in 2011-12, RBI cuts CRR by 50 bps, leaves policy rates unchanged, Food price index down 0.42% YoY on Jan 7, Indian economy expected to grow by 7%: PM, India's trade deficit in November was at $13.6 billion, HSBC Markit India Manufacturing PMI jumped to 54.2 from 51.0 in November, Oct industrial output falls to -5.1%, RBI may slash CRR by 25 basis points soon, feel experts, Q2 GDP at 6.9%, slowest in 9 quarters, November manufacturing PMI falls to 51 from 52 in Oct - HSBC Markit, Rupee recovers more than 1.5 pct from day's low to 51.76/dlr after suspected RBI intervention, Foreign Banks Double Dollar Deposits at Fed, Japanese Exports Decline as China Sees Prolonged Global Slowdown., Rajoy Party Wins Spanish Elections After Debt Crisis Overwhelms Socialists, Exports up 10.8% in Oct; trade gap at 'worrying' level, Food inflation at 11.81% YoY on Oct 29 2011, EU Summit has agreed to recapitalise weak banks and increase the bail out fund, Credit Policy: RBI hikes repo rate by 25 bps to 8.50%, Food inflation of India at 11.43% YoY on Oct 15, Sept inflation seen easing to 9.70%, August IIP at 4.1% against 3.3% previous month, Fed’s ‘Twist’ Plan Fails to Reassure Investors around the world, Fed Will Shift Treasury Holdings to Longer-Term Securities Fed to Shift Treasury Holdings to Longer-Term Securities in Stimulus Step, IMF trims growth forecasts for India, China, Italy Debt Rating Lowered by S&P on Weaker Growth, Credit Policy: RBI hikes repo rate by 25 bps to 8.25%.CRR remains unchanged at 6%., Moody's downgrade long term ratings of SocGen and Credit Agricole (two major bank of Europe), August inflation was at 9.78 pct against July 9.22 pct, ECB kept interest rate unchanged at 1.5%; Trichet expresses concerns about the economy, BOE keeps interest rate unchanged at 0.5%; no changes to its asset-purchasing program, Fed to Weigh Stimulus This Month: Bernanke, Dollar, Yen Drop as Obama’s Job Creation Proposals Curbs Demand for Safety, Bernanke: Inflation 'Expected To Moderate In Next Q's, Bernanke Says Debt-Limit Agreement Only A First Step, Bernanke: U.S. Benefits From Dollar As Primary Reserve Currency. Dollar Should Remain Currency 'Of Choice', Bernanke Says Current Situation In Many Ways 'Extraordinary, USD: OBAMA Proposes USD 447 Billion Package To Encourage Job Growth, Job Growth Stagnates in U.S. in August as Unemployment Rate Holds at 9.1%, Australia June Building Approvals -3.5% M/M Vs Expected +3%, AUD:RBA KEEPS INTREST RATE UNCHANGED AT 4.75%, EUR:ZEW Economic Sentiment have came weak at -7.0, EUR:German ZEW Economic Sentiment have came weak at -15.1, Bank Of England Holds Asset Purchase Plan At 200b Pounds, EUR:Final GDP q/q came in line with expectations at 0.8%, GBP:Halifax HPI m/m has came better than expected at 1.2%, GBP:Manufacturing PMI was Fail meet the expectations came at 51.3, Chinese Manufacturing PMI for June fell to the lowest level since early 2009.

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Management

ABHISHEK GOENKA , FOUNDER and CEO

Abhishek Goenka is the founder and CEO of India Forex Advisors Pvt. Ltd. During his foray across various asset classes and sophisticated treasuries, he envisioned the need of advanced Treasury solutions for corporate, Institutions and Banks.

He launched India Forex Advisors Pvt. Ltd in 2004 , whose primary objective was to manage and set up systems and processes in corporate treasuries for various corporate and institutions using its in-house models and expertise.

His speciality in making strategic currency forecast based on fundamental and technical analysis has made him well sought at various news channels like ET NOW, CNBC etc. His contributes his research on a daily basis to various global publications like Economic Times, Business Standard, DNA, Nasdaq, Money Life , Money today, Money Life etc. He acts as moderator/speakers in global conferences like Euro money and leading B-Schools like Indian Institute of Foreign Trade etc.

He heads the research and personally in touch with every client needs through his disciplined feedback approach. His research is published in major websites and portals like Reuters, Bloomberg, actionforex and fxstreet, ibtimes etc.
He holds a MBA in finance and a CFA.

NIKITA BANSAL - PRESIDENT

Nitika Bansal is the president of India Forex and was heading the Marketing and Sales of a leading Apparel Brand in London. She joined India Forex in 2006 and is instrumental in transforming India Forex into one of the leading foreign exchange consulting companies in India. Nitika holds a bachelor's degree in commerce and post graduation in management from University of London.

India Forex has the following Advisors in their Board.

Honorable Mr. V. C. Krishnamurthy

He has retired as Chief General Manager, Reserve Bank of India, Foreign Exchange Department, Central Office on 30th May 08. He joined RBI in 1972 and has served the regulator over 36 years. He has varied exposure to credit, foreign exchange, bank inspection, ECB’s, public debt, computerization, strategic planning etc. He is an expert with quantitative methods and has varied exposure to cross cultures. He is a M.Sc (Physics) and a CAIIB.

Honorable Mr Nijai Gupta

He has over 33 years banking experience across various banks in India and Abroad like CANARA, ABU DHABI COMMERCIAL, KRUNG THAI, IndusInd , Dhanlakshmi and he retired as a Chief Dealer –Treasury from Antwerp Diamond Bank. He is a visiting faculty to the top B-schools of the country and has a wide exposure in Banking ,Treasury, FEMA and trade finance activities. He has undertaken extensive training projects for leading banks and corporate and has deep interest in Forex Advisory and international business. He is a CAIIB and AICWA.

Honorable Dr Mahendra Mehta

He has over twenty years of experience in investment banking, treasury management, exposure management and other related areas.
Dr. Mehta was previously Head of Analytics at Citibank, NA, Mumbai (India). He was involved in the development and implementation of Market Risk Management practice within Citibank for CEEMEA countries. He was also responsible for development of a Credit Risk model for measurement of presettlement risk for various derivative transactions.

Since Feb 2002, Dr. Mahendra Mehta has been involved in consultancy on various financial areas like financial risk management, market, credit and operational risk measurement and management, Enterprise-wide risk management, foreign exchange hedging etc. Dr Mehta also provides executive education in these areas around the world. He has given more than 120 seminars in various countries like Spain, UAE, England, Qatar, Saudi-Arabia, South Africa, India, Bahrain, Egypt, Poland, Czech Republic,etc

Dr. Mahendra Mehta holds an Electrical Engineering degree from the Indian Institute of Technology, Kharagpur (India) and a Doctoral Degree from Indian Institute of Technology, Mumbai (India). He was visiting faculty at Swiss Federal Institute of Technology at Zurich and has published many papers in engineering science and financial theory.

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