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of <h1>RBI Launches Simplified Hedging Facility for Entities, Capping Contracts at USD 30 Million Under FEMA 1999 Rules.</h1> The circular from the Reserve Bank of India introduces a simplified hedging facility for managing exchange rate risks. Effective January 1, 2018, it allows resident and non-resident entities, excluding individuals, to hedge using any permissible derivative under the Foreign Exchange Management Act, 1999. The facility caps outstanding contracts at USD 30 million, with potential extensions up to 150% of this limit. Users must appoint a designated bank to manage hedging requirements, and no documentary evidence is required for underlying exposure. The facility prohibits simultaneous use of other hedging facilities and mandates annual reporting to ensure compliance.
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