Tuesday, August 14, 2012

Amendment in Regulation 5A of Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000.

The Reserve Bank of India (RBI) has amended regulation 5A in following manner: "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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