https://www.taxtmi.com/circulars?id=69564 Foreign exchange derivative and inter-bank dealing directions under FEMA establish the framework for authorised persons, authorised dealer banks, standalone primary dealers, recognised stock exchanges and recognised clearing corporations in OTC and exchange traded currency markets. The directions define key concepts, classify users as retail or non-retail, and prescribe product permissions, hedging restrictions, settlement rules, limits on leveraged structures, and conditions for INR-linked and non-INR-linked contracts. They also set open position, gap, borrowing, reporting and trade repository requirements, together with separate rules for asset-liability hedging, gold hedging, capital hedging and inter-bank foreign exchange dealings. en-us Tue, 05 Jul 2016 00:00:00 +0530 Sat, 28 Mar 2026 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69564 Foreign exchange derivative and inter-bank dealing directions under FEMA establish the framework for authorised persons, authorised dealer banks, standalone primary dealers, recognised stock exchanges and recognised clearing corporations in OTC and exchange traded currency markets. The directions define key concepts, classify users as retail or non-retail, and prescribe product permissions, hedging restrictions, settlement rules, limits on leveraged structures, and conditions for INR-linked and non-INR-linked contracts. They also set open position, gap, borrowing, reporting and trade repository requirements, together with separate rules for asset-liability hedging, gold hedging, capital hedging and inter-bank foreign exchange dealings. Circulars FEMA Tue, 05 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69564