Banks Allowed to Facilitate Non-Deliverable Derivative Contracts for Better INR Market and Risk Management Under FEMA Guidelines.

Banks Allowed to Facilitate Non-Deliverable Derivative Contracts for Better INR Market and Risk Management Under FEMA Guidelines. https://www.taxtmi.com/highlights?id=70244 Risk Management and Inter-Bank Dealings - Non-deliverable derivative contracts (NDDCs) - With a view to developing the onshore INR NDDC market and providing residents the flexibility to efficiently design their hedging programmes, banks are permitted to allow certain transactions - Cash settled in INR - INR or any foreign currency - Circular en-us Fri, 09 Jun 2023 18:46:49 +0530 Fri, 09 Jun 2023 18:46:49 +0530 TaxTMI RSS Generator Banks Allowed to Facilitate Non-Deliverable Derivative Contracts for Better INR Market and Risk Management Under FEMA Guidelines. https://www.taxtmi.com/highlights?id=70244 Risk Management and Inter-Bank Dealings - Non-deliverable derivative contracts (NDDCs) - With a view to developing the onshore INR NDDC market and providing residents the flexibility to efficiently design their hedging programmes, banks are permitted to allow certain transactions - Cash settled in INR - INR or any foreign currency - Circular Highlights FEMA Fri, 09 Jun 2023 18:46:49 +0530 https://www.taxtmi.com/highlights?id=70244