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of <h1>Schedule II of Foreign Exchange Derivative Contracts Regulations 2000 completely omitted through amendments ending non-resident hedging permissions</h1> Schedule II of the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 has been omitted through multiple amendments. The schedule previously outlined permissible foreign exchange derivative contracts for non-residents, including forward contracts, options, and swaps for various entities like Foreign Institutional Investors, Non-Resident Indians, and Foreign Portfolio Investors. These contracts were primarily designed to hedge currency risks on investments, dividends, deposits, and trade transactions involving Indian rupees. The regulations underwent numerous modifications between 2003-2020, with the entire schedule ultimately being removed in February 2020, indicating a significant restructuring of foreign exchange derivative contract permissions for non-resident entities.
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