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of <h1>India Residents Can Hedge Commodities Internationally with RBI Approval; Excludes Gold, Silver, Petroleum Products; Banks Must Report Monthly.</h1> Attention is directed to authorized banks regarding commodity hedging regulations. Residents in India can hedge in international markets with Reserve Bank approval, except for gold, silver, petroleum, and related products. Authorized banks can allow hedging for metals like aluminum and copper based on past transactions. Aviation turbine fuel users can hedge using OTC contracts if necessary. Banks must ensure entities have board-approved policies for hedging activities, comply with existing guidelines, and report monthly to the Reserve Bank. Amendments to existing regulations are forthcoming, and banks should inform relevant customers of these updates.
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