Foreign exchange derivative contracts require prior Reserve Bank permission unless permitted under the applicable regulatory framework. Foreign exchange derivative contracts and currency futures may not be entered into by any person in India without prior permission of the Reserve Bank, ... Summary
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Foreign exchange derivative contracts require prior Reserve Bank permission unless permitted under the applicable regulatory framework.
Foreign exchange derivative contracts and currency futures may not be entered into by any person in India without prior permission of the Reserve Bank, except where the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 otherwise permit.
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