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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>RBI Issues New Guidelines for Risk Management in Forex: Forward Contracts, Derivatives, and Non-Resident Bank Accounts.</h1> The Reserve Bank of India issued a circular to authorized dealers in foreign exchange, detailing new guidelines for risk management and inter-bank dealings. These guidelines replace previous instructions and cover forward exchange contracts, derivatives, and rupee accounts of non-resident banks. The circular outlines procedures for authorized dealers to manage forward contracts, derivatives, and hedging activities, and provides specific provisions for residents, non-resident Indians, overseas corporate bodies, and foreign institutional investors. It also addresses the management of banks' assets-liabilities, including the use of swaps and options. The circular mandates compliance with the Foreign Exchange Management Act, 1999.
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