Saturday, August 14, 2010

PERMISSION TO A PERSON RESIDENT IN INDIA TO ENTER INTO CURRENCY FUTURES OR CURRENCY OPTIONS

A person resident in India may enter into currency futures or currency options on a stock exchange recognized under section 4 of the Securities Contract (Regulation) Act, 1956, to hedge an exposure to risk or otherwise, subject to such terms and conditions as may be set forth in the directions issued by the Reserve Bank of India from time to time.

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