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of <h1>RBI Amends Regulation 5B: Non-Residents Can Hedge Rupee Risks via Exchange-Traded Currency Derivatives from Oct 25, 2016.</h1> The Reserve Bank of India issued amendments to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000, effective from October 25, 2016. The amendment, under Regulation 5B, allows individuals residing outside India to engage in exchange-traded currency derivatives to hedge Rupee currency risks. These risks may arise from permitted current account transactions or Rupee-denominated assets or liabilities, as allowed under the Foreign Exchange Management Act, 1999. Transactions must occur on stock exchanges recognized under the Securities Contracts (Regulations) Act, 1956, and comply with terms set by the Reserve Bank of India.
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