Exchange traded currency options permitted for residents to hedge US Dollar Rupee spot exposure under RBI directions. Permission is granted to introduce exchange traded currency options on the USD INR spot rate on recognized stock exchanges, limited to standardized premium styled European options with cash settlement in Indian Rupees and maturities up to twelve months, governed by the Reserve Bank's Exchange Traded Currency Options Directions and related amendments to the Foreign Exchange Derivative Regulations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exchange traded currency options permitted for residents to hedge US Dollar Rupee spot exposure under RBI directions.
Permission is granted to introduce exchange traded currency options on the USD INR spot rate on recognized stock exchanges, limited to standardized premium styled European options with cash settlement in Indian Rupees and maturities up to twelve months, governed by the Reserve Bank's Exchange Traded Currency Options Directions and related amendments to the Foreign Exchange Derivative Regulations.
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