Forex hedging rules eased

The Reserve Bank of India (RBI) relaxed some of the forex hedging rules for importers & exporters, to allow greater operational flexibility. Importers & exporters can cancel up to 75% of their hedged forex exposures, as against 25% earlier. In addition, the profit or loss from these cancellations will be borne by the importer/ exporter instead of passing it on to the customers as was mandated earlier.