Foreign exchange derivative contracts regulation promotes orderly development and maintenance of the foreign exchange market under FEMA powers. The Reserve Bank of India, under clause (h) of sub section (2) of Section 47 of the Foreign Exchange Management Act, 1999, notified the Foreign Exchange Management (Foreign exchange derivative contracts) Regulations, 2000 to promote the orderly development and maintenance of the foreign exchange market in India; the regulation was published in the Official Gazette as G.S.R. No. 411(E).