New Delhi, Sept 7 (KNN) Exporter’s body Federation of Indian Export Organization (FIEO) has signed a Memorandum of Understanding (MoU) with National Stock Exchange of India Limited (NSE) to create awareness among its members over managing volatility in exchange rates and addressing high cost of credit amidst global uncertainty.

FIEO collaboration with NSE would help FIEO members to get knowledge about price risk management, hedging on NSE’s platform for products like Currency, Debt and Commodity.

NSE would also assist FIEO members in raising equity capital on NSE’s EMERGE platform.

The MoU was signed by Dr Ajay Sahai, Director General & CEO, FIEO and Gaurav Kapoor, Vice President, National Stock Exchange of India Limited.

Expressing the need for awareness creation among members of FIEO about the various platforms available on NSE, Ajay Sahai said “such an initiative, at a time when there is huge volatility in currencies and Rupee breaching new marks everyday and the global trade is plagued with uncertainty, is the most-timely.”

He also stressed upon  the need for awareness for NSE’s EMERGE platform for raising equity capital as an effective alternative for raising capital to address the increasing cost of borrowing as interest rates are moving northwards.

Extending complete support to FIEO, NSE, Vice President, Gaurav Kapoor said that NSE will jointly conduct awareness and educative programs for members of FIEO and other relevant stakeholders through various road-shows, webinars etc.