https://www.taxtmi.com/circulars?id=1988 Non-resident investors may book forward sale contracts with Authorised Dealers to hedge currency risk on proposed FDI after completing required approvals; tenors limited to six months unless Reserve Bank permission is obtained, cancellations cannot be rebooked, and exchange gains on cancellation will not be passed to the investor. Residents may obtain forward cover for foreign currency denominated transactions settled in Indian rupees, with cash settlement by cancellation at maturity and no rebooking of cancelled contracts. FCNR(B) depositors may book cross currency forwards to convert permitted foreign currency balances; cancelled contracts are ineligible for rebooking. en-us Tue, 29 Apr 2003 00:00:00 +0530 Mon, 06 Oct 2008 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1988 Non-resident investors may book forward sale contracts with Authorised Dealers to hedge currency risk on proposed FDI after completing required approvals; tenors limited to six months unless Reserve Bank permission is obtained, cancellations cannot be rebooked, and exchange gains on cancellation will not be passed to the investor. Residents may obtain forward cover for foreign currency denominated transactions settled in Indian rupees, with cash settlement by cancellation at maturity and no rebooking of cancelled contracts. FCNR(B) depositors may book cross currency forwards to convert permitted foreign currency balances; cancelled contracts are ineligible for rebooking. Circulars FEMA Tue, 29 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1988