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Eforexindia.com was conceptualized to provide a platform for corporates, exporters, importers and individuals to manage their foreign exchange risk in an effective manner as well to provide an economical pathway to real time prices and financial news. This portal on risk management has been designed after extensive researches gained from our years of experience from inter bank-dealing operations.

This B2B Portal is the principal property of SCD Financial Services which was set up in 1994 at New Delhi, India . SCD FINANCIAL SERVICES, which was established with an objective to provide professional and authoritative advisory services in the field of Currency Hedging and Forecasting , has come a long way and has built up a strong clientele all over India within a very short span of time.The company has since been renamed as eforexindia.com private limited, with a professional board of directors heading its operations. While dealing with the 

various aspects of forex risk management, it was felt that there was a need to provide a platform for those exposed to foreign exchange risk whereby they would be able to procure real time prices, quantify their forward risks and keep abreast with the ever changing government policies in a fast and economical manner .

SCD Financial Services was promoted by Soumya Dutta in 1994 who continues to officiate as the the Managing Director of eforexindia.com Private Limited. Besides having more than thirteen years of active inter-bank dealing experience as Chief Dealer of S.C.Dutta and Company and an unblemished track record in Consultancy over the last six years, he is on the faculty of Management Colleges and Bankers Training Institutes and the Vice-Chairman of Northern India Forex Association. Being one of the select dealers to be trained in handling Options and Futures, he is widely regarded by for his currency forecasting and technical analysis in which he had specialised during his MBA and MCA from the most premier institute in the country.

Traditionally, investors’ only means of gaining access to the foreign exchange market was through banks that transacted large amounts of currencies for commercial and investment purposes. With this on-line and highly interactive portal it is expected that investors would find a level playing field through which thy can assess their risk on an on-going basis and thereby use the hedging mechanisms to limit them when the need arises. We have tried to explain the various rules and regulations and also define the hedging mechanisms and the need for analysis in our classroom section which we hope would educate investors in the highly complex world of foreign exchange.

A client deciding upon a forex consultant should verify the authenticity of prices and market information that the consultant promises to deliver. While these prices are available on certain financial terminals, it should be borne in mind that the Indian Rupee moves essentially on demand and supply (specially swap markets) and as such the fastest and most accurate information can be procured from Inter-Bank Dealing Rooms of banks and forex brokers. An inter-

bank forex broking house is equipped with the state-of-the-art equipments and manned by specialised dealers who are constantly dealing with the forex dealing rooms of banks. The company derives its strength from its parent organisation, M/s S.C.Dutta & Co., a premier forex broking house authorised by the RBI and the FEDAI and boasts of being amongst the oldest in the country, having being established in the year 1905. S.C. Dutta & Company is headed by Mr. Ashoke Dutta who has more than 35 years of experience in foreign exchange and call money markets and had held the coveted position of President of Exchange and Bullion Association, Calcutta for more than a decade. All information and prices updated on eforexindia.com are supplied directly from the dealing-room and support call-back services are handled by inter – bank dealers themselves.