Hedging of Commodity Price Risk enabled for overseas markets; banks to facilitate under RBI directions and enclosed master direction. RBI directs Authorised Dealer Category I banks to facilitate hedging of commodity price risk and freight risk in overseas markets by their customers, within the framework of existing foreign exchange derivative regulations, and encloses a Master Direction detailing operational, eligibility, documentation and reporting modalities; the Directions are issued under statutory powers and are without prejudice to permissions under other laws.
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Provisions expressly mentioned in the judgment/order text.
Hedging of Commodity Price Risk enabled for overseas markets; banks to facilitate under RBI directions and enclosed master direction.
RBI directs Authorised Dealer Category I banks to facilitate hedging of commodity price risk and freight risk in overseas markets by their customers, within the framework of existing foreign exchange derivative regulations, and encloses a Master Direction detailing operational, eligibility, documentation and reporting modalities; the Directions are issued under statutory powers and are without prejudice to permissions under other laws.
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