Saturday, September 14, 2013

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.

0 comments:

Post a comment