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of <h1>RBI Circular Outlines Risk Management Guidelines for AD Category I Banks on Forex Derivatives and Inter-Bank Dealings.</h1> The Master Circular on Risk Management and Inter-Bank Dealings, updated as of March 31, 2015, outlines comprehensive guidelines for Authorized Dealers (AD) Category I banks regarding foreign exchange derivative contracts, overseas commodity and freight hedging, and inter-bank foreign exchange dealings. It provides detailed instructions on products like forward foreign exchange contracts, options, and swaps for hedging exchange rate risks. The circular also addresses facilities for residents and non-residents, including Foreign Institutional Investors and Non-Resident Indians, and sets out operational guidelines, terms, and conditions for various financial instruments. Additionally, it specifies reporting requirements to the Reserve Bank and includes guidelines for managing accounts of non-resident banks.
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