Foreign exchange derivative regulation: establishes framework to promote orderly development and maintenance of the forex market. Reserve Bank of India, exercising statutory powers under the Foreign Exchange Management Act, 1999, promulgates regulations to govern foreign exchange ... Summary
Foreign exchange derivative regulation: establishes framework to promote orderly development and maintenance of the forex market.
Reserve Bank of India, exercising statutory powers under the Foreign Exchange Management Act, 1999, promulgates regulations to govern foreign exchange derivative contracts to promote orderly development and maintenance of the foreign exchange market; the instrument is titled the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 and specifies a formal commencement date for the regime.
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