Foreign exchange derivative contracts rule change removes exclusion for oil and petroleum products, effective immediately. The amendment removes the exclusion of oil and petroleum products from the schedule to the Foreign Exchange Management (Foreign exchange derivative contracts) Regulations, 2000, thereby bringing those commodities within the regulatory scope for foreign exchange derivative contracts; the amendment is effected under the Foreign Exchange Management Act and takes immediate effect on notification.
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Foreign exchange derivative contracts rule change removes exclusion for oil and petroleum products, effective immediately.
The amendment removes the exclusion of oil and petroleum products from the schedule to the Foreign Exchange Management (Foreign exchange derivative contracts) Regulations, 2000, thereby bringing those commodities within the regulatory scope for foreign exchange derivative contracts; the amendment is effected under the Foreign Exchange Management Act and takes immediate effect on notification.
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