https://www.taxtmi.com/circulars?id=2042 Resident entities with overseas direct investments may hedge exchange risk via forward and option contracts with Authorised Dealers for equity and loan exposures, subject to verification of exposure and provided contracts are completed by delivery or rolled over on the due date; if a hedge becomes naked owing to a decline in market value it may continue to original maturity, and roll-overs are permitted only up to the market value on the due date. en-us Fri, 12 Dec 2003 00:00:00 +0530 Sat, 04 Oct 2008 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2042 Resident entities with overseas direct investments may hedge exchange risk via forward and option contracts with Authorised Dealers for equity and loan exposures, subject to verification of exposure and provided contracts are completed by delivery or rolled over on the due date; if a hedge becomes naked owing to a decline in market value it may continue to original maturity, and roll-overs are permitted only up to the market value on the due date. Circulars FEMA Fri, 12 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2042