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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>New regulations under FEMA allow exporters to rebook forward contracts up to 25% annually, enhancing hedging flexibility.</h1> The circular addresses Category-I Authorized Dealer banks regarding changes in regulations under the Foreign Exchange Management Act. It permits exporters to cancel and rebook forward contracts for hedging export exposures up to 25% annually, providing operational flexibility. Additionally, banks can exclude their Net Options Position and overseas branches' positions from the Net Overnight Open Position Limit (NOOPL) for Rupee-involved transactions. Banks must establish separate limits for these positions and seek Reserve Bank approval. The circular is issued under the Foreign Exchange Management Act, 1999, and banks are instructed to inform their constituents and customers of these changes.
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