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of <h1>RBI Releases Foreign Exchange Derivative Contracts Regulations 2000 Under Section 47 of FEMA 1999 to Regulate FX Market</h1> The Reserve Bank of India, under the authority of the Foreign Exchange Management Act, 1999, issued the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000. This notification, published in the Official Gazette on May 8, 2000, outlines regulations aimed at promoting the orderly development and maintenance of the foreign exchange market in India. The regulations are established under clause (h) of sub-section (2) of Section 47 of the Act, providing a framework for managing foreign exchange derivative contracts.
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