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of <h1>RBI Amends Regulations Allowing Non-Residents to Hedge Exchange Risks via Derivatives with Indian Banks.</h1> The Reserve Bank of India issued an amendment to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000, effective from its publication date in the Official Gazette. This amendment, dated March 17, 2017, allows non-residents to enter into foreign exchange derivative contracts with Authorized Dealer banks in India. These contracts are intended to hedge exchange risk exposure on behalf of their Indian subsidiaries, subject to terms and conditions set by the Reserve Bank. The amendment adds a new provision to Schedule II of the existing regulations, expanding the scope for non-residents in managing exchange risks.
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