Currency futures permitted in approved currency pairs; only residents may trade to hedge foreign exchange risk. Permission is granted for currency futures in the US Dollar-Indian Rupee pair and other Reserve Bank-approved pairs, with trading confined to those approved pairs. Only persons resident in India are authorised to purchase or sell currency futures, and such trading is permitted to hedge exposure to foreign exchange rate risk or for other permissible purposes under the regulatory framework.
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.
Currency futures permitted in approved currency pairs; only residents may trade to hedge foreign exchange risk.
Permission is granted for currency futures in the US Dollar-Indian Rupee pair and other Reserve Bank-approved pairs, with trading confined to those approved pairs. Only persons resident in India are authorised to purchase or sell currency futures, and such trading is permitted to hedge exposure to foreign exchange rate risk or for other permissible purposes under the regulatory framework.
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