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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Hedging of Forex Risk Directions Delayed to September 1, 2020; Bank Participation in Offshore Markets Starts June 1, 2020.</h1> The implementation date for the Directions on Hedging of Foreign Exchange Risk, initially set for June 1, 2020, has been postponed to September 1, 2020, due to challenges posed by the COVID-19 pandemic. However, the Directions concerning the participation of banks in Offshore Non-deliverable Rupee Derivative Markets will proceed as planned on June 1, 2020. These Directions are issued under the Foreign Exchange Management Act, 1999, and do not override any other necessary permissions or approvals required by law.
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