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    <title>FEMA (Foreign Exchange Derivative Contracts) (Amendment) Regulations, 2012 - Amendment in Schedule II</title>
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    <description>The Regulations add permissions in Schedule II allowing a registered FII to enter into foreign currency rupee swaps to hedge transient capital flows related to IPOs under ASBA, and permitting non resident importers/exporters to enter forward contracts with rupee as one currency or foreign currency rupee option contracts with an Authorised Dealer to hedge currency risk on rupee invoiced trade, each subject to terms and conditions prescribed by the Reserve Bank and deemed to commence retrospectively.</description>
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