Foreign exchange derivative contracts permit residents to enter and write standalone options against permitted underlying exposures under RBI conditions. Residents in India may enter into foreign exchange derivative contracts to hedge or otherwise in respect of transactions permissible under the Foreign Exchange Management Act, in accordance with Schedule I, and Schedule I is amended to permit writing standalone options: cross currency options (excluding the rupee) and foreign currency-rupee options through authorised dealers against permitted underlying foreign exchange exposures, subject to terms and conditions stipulated by the Reserve Bank of India.
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.
Foreign exchange derivative contracts permit residents to enter and write standalone options against permitted underlying exposures under RBI conditions.
Residents in India may enter into foreign exchange derivative contracts to hedge or otherwise in respect of transactions permissible under the Foreign Exchange Management Act, in accordance with Schedule I, and Schedule I is amended to permit writing standalone options: cross currency options (excluding the rupee) and foreign currency-rupee options through authorised dealers against permitted underlying foreign exchange exposures, subject to terms and conditions stipulated by the Reserve Bank of India.
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