Currency derivatives access for non-residents permitted to hedge exposures on recognised exchanges, subject to central bank directions. A person resident outside India who meets the eligibility criteria in the applicable investment schedules may enter into currency futures or exchange traded currency options on a stock exchange recognised under the securities law to hedge exposures, subject to such terms and conditions and directions as the Reserve Bank of India may prescribe.
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.
Currency derivatives access for non-residents permitted to hedge exposures on recognised exchanges, subject to central bank directions.
A person resident outside India who meets the eligibility criteria in the applicable investment schedules may enter into currency futures or exchange traded currency options on a stock exchange recognised under the securities law to hedge exposures, subject to such terms and conditions and directions as the Reserve Bank of India may prescribe.
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