https://www.taxtmi.com/circulars?id=59948 Permits hedging of exchange rate risk for Foreign Portfolio Investors under the Voluntary Retention Route using forwards, options, cost reduction structures and swaps with rupee as one currency, subject to operational conditions: dealers may offer contracts only where the FPI has VRR-related exposure; notional and tenor must not exceed exposure; duplicate hedging is prohibited; notional excesses must be adjusted unless due to market valuation; FPIs may cancel and rebook; payables must be met from repatriable funds or inward remittances. en-us Fri, 01 Mar 2019 00:00:00 +0530 Sat, 02 Mar 2019 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=59948 Permits hedging of exchange rate risk for Foreign Portfolio Investors under the Voluntary Retention Route using forwards, options, cost reduction structures and swaps with rupee as one currency, subject to operational conditions: dealers may offer contracts only where the FPI has VRR-related exposure; notional and tenor must not exceed exposure; duplicate hedging is prohibited; notional excesses must be adjusted unless due to market valuation; FPIs may cancel and rebook; payables must be met from repatriable funds or inward remittances. Circulars FEMA Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=59948