https://www.taxtmi.com/acts?id=2392 Persons resident in India and outside India may enter foreign exchange derivative contracts with authorised dealers. Rupee-involving contracts must hedge contracted or anticipated exposure, unless contracts without such exposure are permitted by the Reserve Bank of India. Transactions involving the Rupee and settled through delivery of foreign currency are restricted to authorised dealers, persons resident outside India, and other permitted persons. Exchange-traded Rupee currency derivatives must hedge contracted exposure, require designation of an authorised dealer for monitoring positions beyond prescribed limits, and require disclosure of exposure details on request. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 11 Sep 2026 15:20:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2392 Persons resident in India and outside India may enter foreign exchange derivative contracts with authorised dealers. Rupee-involving contracts must hedge contracted or anticipated exposure, unless contracts without such exposure are permitted by the Reserve Bank of India. Transactions involving the Rupee and settled through delivery of foreign currency are restricted to authorised dealers, persons resident outside India, and other permitted persons. Exchange-traded Rupee currency derivatives must hedge contracted exposure, require designation of an authorised dealer for monitoring positions beyond prescribed limits, and require disclosure of exposure details on request. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2392