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of <h1>RBI Allows Non-Residents with FDI to Hedge Currency Risk on Dividends via Forward Contracts with Authorized Dealers.</h1> The Reserve Bank of India has decided to allow non-residents with Foreign Direct Investments in Indian companies to enter into forward contracts with Authorized Dealers to hedge currency risk on dividends receivable in rupees. This permission is granted only after the company's Board of Directors approves the dividend rate. Amendments to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 will be issued separately. Authorized Dealers are instructed to inform their concerned constituents. These directions are issued under the Foreign Exchange Management Act 1999.
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