https://www.taxtmi.com/circulars?id=57886 NRIs may trade in ETCD to hedge currency risk on permissible rupee investments and NRE balances, subject to RBI Circular No. 30 and conditions in this circular; they must designate an Authorised Dealer Category I bank (also a clearing member) for monitoring and reporting combined OTC and ETCD positions, and exchanges/clearing corporations must provide transaction details to that bank. The circular sets position limits for specified INR currency pairs, modifies prior SEBI guidance to allow participation consistent with FEMA provisions, and directs exchanges to implement systems, amend rules, notify brokers, and report implementation. en-us Wed, 28 Jun 2017 00:00:00 +0530 Sat, 01 Dec 2018 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57886 NRIs may trade in ETCD to hedge currency risk on permissible rupee investments and NRE balances, subject to RBI Circular No. 30 and conditions in this circular; they must designate an Authorised Dealer Category I bank (also a clearing member) for monitoring and reporting combined OTC and ETCD positions, and exchanges/clearing corporations must provide transaction details to that bank. The circular sets position limits for specified INR currency pairs, modifies prior SEBI guidance to allow participation consistent with FEMA provisions, and directs exchanges to implement systems, amend rules, notify brokers, and report implementation. Circulars SEBI Wed, 28 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57886