Freight hedge permits residents to enter freight derivative contracts abroad to hedge freight risk subject to Reserve Bank approval. Reserve Bank approval is required for residents in India to enter into freight derivative contracts abroad to hedge freight risk, subject to prescribed ... Summary
Freight hedge permits residents to enter freight derivative contracts abroad to hedge freight risk subject to Reserve Bank approval.
Reserve Bank approval is required for residents in India to enter into freight derivative contracts abroad to hedge freight risk, subject to prescribed terms, conditions and application procedure; specially authorised authorised dealers may permit oil refining and shipping companies to do so under Reserve Bank stipulations and guidelines.
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