TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>NRIs can now trade in India's Exchange Traded Currency Derivatives market for hedging currency risks on investments.</h1> The Reserve Bank of India has permitted Non-Resident Indians (NRIs) to access the Exchange Traded Currency Derivatives (ETCD) market to hedge currency risks related to their investments in India. NRIs must designate an authorized dealer bank to monitor and report their positions in both OTC and ETCD segments. The designated bank will consolidate and oversee these positions, ensuring compliance with underlying Rupee currency risks. Any breaches will be reported to the RBI or SEBI, and NRIs exceeding their exposure limits may face penalties under the Foreign Exchange Management Act, 1999. Necessary regulatory amendments have been made to facilitate this access.
TaxTMI 
TaxTMI 
