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<h1>RBI Amends Foreign Exchange Derivative Regulations: New Definitions and Hedging Permissions for Residents and Non-Residents.</h1> The Reserve Bank of India issued amendments to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000. These changes redefine terms like 'authorised dealer' and 'foreign exchange derivative contract,' and introduce new definitions such as 'contracted exposure,' 'anticipated exposure,' and 'hedging.' The amendments permit both residents and non-residents to enter into foreign exchange derivative contracts for hedging purposes, subject to conditions. Specific provisions and definitions were deleted or replaced, and Schedule I was renamed and revised to outline permissible contracts. The amendments took effect upon publication in the Official Gazette.