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of <h1>Resident Importers Now Allowed to Hedge Up to 50% of Eligible Limit Under FEMA Regulations Update.</h1> The circular addresses Category-I Authorized Dealer Banks regarding updates to the Foreign Exchange Management regulations concerning hedging currency risk. Resident importers are now permitted to book forward contracts for hedging up to 50% of their eligible limit, an increase from the previous 25%. The eligible limit is based on the higher of the average import turnover over the past three financial years or the previous year's actual turnover. Importers who have already utilized the previous limit can access the additional capacity. All existing operational guidelines and conditions remain applicable. The circular is issued under the Foreign Exchange Management Act, 1999.
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