<h1>RBI Proposes Unified Forex Hedging Facility for Residents and Non-Residents, Invites Feedback by March 15, 2019.</h1> The Reserve Bank of India has issued draft directions for hedging foreign exchange risk applicable to both residents and non-residents. The draft proposes a unified facility for all users, allowing hedging of valid exposure with any instrument, and introduces hedging for anticipated exposure. It also aims to simplify procedures for authorized dealers offering foreign exchange derivatives. Feedback from banks, market participants, and other stakeholders is invited by March 15, 2019. Once finalized, these directions will replace existing guidelines in the Master Direction on Risk Management and Interbank Dealings.