Forex Risk Management - liberalised

The Reserve Bank of India (RBI) has decided to:

• allow exporters to cancel & re book forward contracts to the extent of 50 percent of the contracts booked in a financial year for hedging their contracted export exposures, and
• allow importers to cancel and re book forward contracts to the extent of 25 percent of the contracts booked in a financial year for hedging their contracted import exposures.