Non-resident access to currency derivatives allows hedging of Rupee exposure on recognised exchanges, subject to RBI directions. Persons resident outside India may enter into currency futures and exchange-traded currency options on recognised stock exchanges to hedge Rupee currency risk arising from permitted current account transactions or Rupee-denominated assets or liabilities, with such transactions governed by terms and conditions issued by the Reserve Bank of India.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Non-resident access to currency derivatives allows hedging of Rupee exposure on recognised exchanges, subject to RBI directions.
Persons resident outside India may enter into currency futures and exchange-traded currency options on recognised stock exchanges to hedge Rupee currency risk arising from permitted current account transactions or Rupee-denominated assets or liabilities, with such transactions governed by terms and conditions issued by the Reserve Bank of India.
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