https://www.taxtmi.com/circulars?id=71560 Authorised Dealers may not permit rebooking of cancelled INR-linked foreign exchange derivative contracts, while rollover on maturity remains permissible subject to applicable requirements. The threshold for specified positions without establishing underlying exposure is USD 5 million equivalent. For INR-linked derivatives hedging contracted exposure, Authorised Dealers must obtain a user undertaking addressing prior hedging with other Authorised Dealers, including amounts booked elsewhere for partial hedges. They must verify underlying exposure and retain supporting documents for at least two years. en-us Sat, 10 Oct 2026 00:00:00 +0530 Sat, 10 Oct 2026 13:37:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71560 Authorised Dealers may not permit rebooking of cancelled INR-linked foreign exchange derivative contracts, while rollover on maturity remains permissible subject to applicable requirements. The threshold for specified positions without establishing underlying exposure is USD 5 million equivalent. For INR-linked derivatives hedging contracted exposure, Authorised Dealers must obtain a user undertaking addressing prior hedging with other Authorised Dealers, including amounts booked elsewhere for partial hedges. They must verify underlying exposure and retain supporting documents for at least two years. Circulars FEMA Sat, 10 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71560