Permission to enter currency derivatives allows residents to use exchange traded currency futures and options subject to RBI directions. Residents in India were permitted to enter into currency futures and currency options on stock exchanges recognized under the Securities Contract (Regulation) Act to hedge foreign exchange exposures or for other purposes, subject to such terms and conditions as the Reserve Bank of India may specify in its directions.
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.
Permission to enter currency derivatives allows residents to use exchange traded currency futures and options subject to RBI directions.
Residents in India were permitted to enter into currency futures and currency options on stock exchanges recognized under the Securities Contract (Regulation) Act to hedge foreign exchange exposures or for other purposes, subject to such terms and conditions as the Reserve Bank of India may specify in its directions.
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