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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>RBI Circular: FIIs Can Rebook 2% of Cancelled Forward Contracts, Enhancing Flexibility in Equity/Debt Investments.</h1> The circular issued by the Reserve Bank of India (RBI) allows Foreign Institutional Investors (FIIs) to rebook a portion of cancelled forward contracts, specifically up to 2% of the market value of their equity or debt investments in India. This change aims to provide flexibility in managing forward contracts, with eligibility based on the portfolio's market value at the start of the financial year. Authorised Dealer Category - I banks must monitor these contracts fortnightly to ensure compliance. The circular also introduces a revised reporting format and indicates that necessary regulatory amendments will follow.
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