Non-resident participation in exchange-traded currency derivatives permitted to hedge Rupee exposure, subject to RBI directions. Regulation 5B is substituted to permit persons resident outside India who are exposed to Rupee currency risk from permitted current account transactions or from Rupee-denominated assets or liabilities to transact exchange-traded currency derivatives on a stock exchange recognised under the Securities Contracts (Regulation) Act, 1956, subject to terms and conditions specified in directions issued 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.
Non-resident participation in exchange-traded currency derivatives permitted to hedge Rupee exposure, subject to RBI directions.
Regulation 5B is substituted to permit persons resident outside India who are exposed to Rupee currency risk from permitted current account transactions or from Rupee-denominated assets or liabilities to transact exchange-traded currency derivatives on a stock exchange recognised under the Securities Contracts (Regulation) Act, 1956, subject to terms and conditions specified in directions issued by the Reserve Bank of India.
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