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of <h1>Resident Entities Can Now Hedge Gold Price Risks Overseas with OTC Derivatives at IFSC for Greater Flexibility.</h1> The circular addresses the hedging of gold price risk in overseas markets. It highlights the decision to allow resident entities to hedge their gold price risk exposure using over-the-counter (OTC) derivatives in the International Financial Services Centre (IFSC), in addition to existing exchange-based derivatives. This move aims to provide greater flexibility for hedging activities, in accordance with the updated Master Direction on Foreign Exchange Management related to commodity and freight risk. The instructions are effective immediately and are issued under the Foreign Exchange Management Act, 1999, without affecting other legal permissions or approvals.
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