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of <h1>RBI Allows Currency Futures in Euro-INR, GBP-INR, JPY-INR for Direct Hedging Under Currency Futures Directions, 2010.</h1> The circular issued by the Reserve Bank of India (RBI) allows recognized stock exchanges to offer currency futures contracts in additional currency pairs, namely Euro-INR, GBP-INR, and JPY-INR, alongside the existing USD-INR contracts. This amendment aims to facilitate direct hedging of currency risks for residents in India. Authorized Dealer Category-I banks are instructed to inform their clients of these changes. The amendments are part of the Currency Futures (Reserve Bank) Directions, 2010, and are effective from January 19, 2010, under the Foreign Exchange Management Act, 1999.
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