https://www.taxtmi.com/circulars?id=1953 Reserve Bank relaxes limits: authorised dealers may offer foreign currency rupee swaps to customers for hedging without the earlier specified market access caps (caps still apply where swaps create market supply); overseas investment caps are withdrawn in favour of Board approved limits; caps on forward bookings based on past trade performance are increased and annual rebooking caps for near term exposures removed, with rebooking restrictions for exposures beyond one year and cancelled long term swaps; timing restriction on hedging Tier I capital removed; forward cover to non residents for inward investments permitted subject to verification. en-us Sat, 21 Dec 2002 00:00:00 +0530 Fri, 03 Oct 2008 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1953 Reserve Bank relaxes limits: authorised dealers may offer foreign currency rupee swaps to customers for hedging without the earlier specified market access caps (caps still apply where swaps create market supply); overseas investment caps are withdrawn in favour of Board approved limits; caps on forward bookings based on past trade performance are increased and annual rebooking caps for near term exposures removed, with rebooking restrictions for exposures beyond one year and cancelled long term swaps; timing restriction on hedging Tier I capital removed; forward cover to non residents for inward investments permitted subject to verification. Circulars FEMA Sat, 21 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1953