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of <h1>RBI Regulates Currency Options: Indian Residents Can Hedge Forex Risks with USD-INR Contracts on Stock Exchanges.</h1> The Reserve Bank of India issued the Exchange Traded Currency Options Directions, 2010, effective July 30, 2010, to regulate currency options traded on recognized stock exchanges. These directions permit currency option contracts in USD-INR and other approved currency pairs, exclusively for Indian residents to hedge foreign exchange risks. Contracts are European style, with a size of USD 1000, maturing within twelve months, and settled in Indian Rupees. Only authorized banks and entities meeting specific prudential requirements can trade or clear these options. The Reserve Bank retains authority to modify participant criteria and impose limits to ensure financial stability.
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