https://www.taxtmi.com/notifications?id=3828 The amendment authorises persons resident in India, and specific non-resident categories (Foreign Institutional Investors, Non-Resident Indians, and persons outside India with Foreign Direct Investment in India), to enter into foreign currency-rupee option contracts with authorised dealers to hedge exchange risk in respect of transactions permitted under the Act, on the same terms and conditions applicable to forward contracts, and gives the regulation retrospective effect from July 7, 2003 with a non-adverse-effect clarification. en-us Mon, 19 Dec 2005 00:00:00 +0530 Thu, 19 Jun 2025 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=3828 The amendment authorises persons resident in India, and specific non-resident categories (Foreign Institutional Investors, Non-Resident Indians, and persons outside India with Foreign Direct Investment in India), to enter into foreign currency-rupee option contracts with authorised dealers to hedge exchange risk in respect of transactions permitted under the Act, on the same terms and conditions applicable to forward contracts, and gives the regulation retrospective effect from July 7, 2003 with a non-adverse-effect clarification. Notifications FEMA Mon, 19 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/notifications?id=3828