Risk management consolidation directs banks to follow unified FEMA-based rules, with master circular carrying a one-year sunset. Master Circular consolidates RBI guidance on risk management and inter-bank dealings, covering Foreign Exchange Derivative Contracts, Overseas Commodity & Freight Hedging, Rupee Accounts of Non-Resident Banks and inter-bank foreign exchange dealings under Notification No. FEMA 1/2000-RB, Regulation 4(2) of Notification No. FEMA 3/RB-2000 and Notification No. FEMA 25/RB-2000 and subsequent amendments; lists underlying circulars in an Appendix and is issued with a one-year sunset clause to be replaced by an updated master circular.
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Risk management consolidation directs banks to follow unified FEMA-based rules, with master circular carrying a one-year sunset.
Master Circular consolidates RBI guidance on risk management and inter-bank dealings, covering Foreign Exchange Derivative Contracts, Overseas Commodity & Freight Hedging, Rupee Accounts of Non-Resident Banks and inter-bank foreign exchange dealings under Notification No. FEMA 1/2000-RB, Regulation 4(2) of Notification No. FEMA 3/RB-2000 and Notification No. FEMA 25/RB-2000 and subsequent amendments; lists underlying circulars in an Appendix and is issued with a one-year sunset clause to be replaced by an updated master circular.
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