https://www.taxtmi.com/acts?id=2393 Schedule II under regulation 5 stands omitted. Before omission, it permitted persons resident outside India to hedge identified Indian currency exposures through authorised dealers, mainly with rupee-linked forward contracts. The framework covered investments, dividends, FCNR and NRE balances, portfolio and foreign direct investment, rupee-invoiced trade, Indian-rupee-denominated external commercial borrowings, and certain Indian subsidiary transactions. Specified users could also use foreign currency-rupee options, swaps and cost-reduction structures, subject to exposure verification and prescribed conditions. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 28 Sep 2026 16:29:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2393 Schedule II under regulation 5 stands omitted. Before omission, it permitted persons resident outside India to hedge identified Indian currency exposures through authorised dealers, mainly with rupee-linked forward contracts. The framework covered investments, dividends, FCNR and NRE balances, portfolio and foreign direct investment, rupee-invoiced trade, Indian-rupee-denominated external commercial borrowings, and certain Indian subsidiary transactions. Specified users could also use foreign currency-rupee options, swaps and cost-reduction structures, subject to exposure verification and prescribed conditions. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2393