https://www.taxtmi.com/news?id=3561 The Reserve Bank allows full crediting of foreign exchange receipts to Exchange Earner Foreign Currency (EEFC) Accounts provided monthly accruals are converted into rupees by the end of the succeeding month after approved utilizations and forward commitments. Exporters may cancel and rebook a limited portion of forward hedges. For NOOPL where the rupee is a currency leg, AD Category I banks may omit overseas branch positions and option delta from the overnight position calculation, though these items remain part of total foreign currency exposure alongside cross currency and exchange traded positions. en-us Tue, 31 Jul 2012 14:19:19 +0530 Tue, 31 Jul 2012 14:19:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3561 The Reserve Bank allows full crediting of foreign exchange receipts to Exchange Earner Foreign Currency (EEFC) Accounts provided monthly accruals are converted into rupees by the end of the succeeding month after approved utilizations and forward commitments. Exporters may cancel and rebook a limited portion of forward hedges. For NOOPL where the rupee is a currency leg, AD Category I banks may omit overseas branch positions and option delta from the overnight position calculation, though these items remain part of total foreign currency exposure alongside cross currency and exchange traded positions. News - Tue, 31 Jul 2012 14:19:19 +0530 https://www.taxtmi.com/news?id=3561