https://www.taxtmi.com/circulars?id=11796 Qualified Foreign Investors may hedge currency risk on permissible rupee denominated equity and debt investments using forwards, foreign currency INR options, and currency INR swaps (for IPO ASBA flows) through their AD Category I bank where the rupee account is maintained; hedge costs must be met from repatriable funds or normal inward remittances, outward remittances are net of taxes, eligibility is based on QFI declaration with quarterly AD bank review backed by QDP certification, forwards once cancelled cannot be rebooked though rollovers before maturity are permitted, and IPO swaps are limited to amounts linked to the proposed investment and to short tenors with no rebooking or rollovers. en-us Fri, 31 Aug 2012 00:00:00 +0530 Sat, 01 Sep 2012 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11796 Qualified Foreign Investors may hedge currency risk on permissible rupee denominated equity and debt investments using forwards, foreign currency INR options, and currency INR swaps (for IPO ASBA flows) through their AD Category I bank where the rupee account is maintained; hedge costs must be met from repatriable funds or normal inward remittances, outward remittances are net of taxes, eligibility is based on QFI declaration with quarterly AD bank review backed by QDP certification, forwards once cancelled cannot be rebooked though rollovers before maturity are permitted, and IPO swaps are limited to amounts linked to the proposed investment and to short tenors with no rebooking or rollovers. Circulars FEMA Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11796