https://www.taxtmi.com/circulars?id=71561 Authorised Dealers must maintain a Foreign Exchange Risk Reserve for specified INR foreign exchange derivative contracts used to hedge current account transactions involving purchase of foreign currency against INR. The reserve equals 20 per cent of the INR-equivalent notional amount, must be maintained as cash in India with the Reserve Bank daily until termination, and must be reported daily through the Centralised Information Management System. Splitting transactions to circumvent the requirement constitutes a violation. en-us Sat, 10 Oct 2026 00:00:00 +0530 Sat, 10 Oct 2026 13:40:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71561 Authorised Dealers must maintain a Foreign Exchange Risk Reserve for specified INR foreign exchange derivative contracts used to hedge current account transactions involving purchase of foreign currency against INR. The reserve equals 20 per cent of the INR-equivalent notional amount, must be maintained as cash in India with the Reserve Bank daily until termination, and must be reported daily through the Centralised Information Management System. Splitting transactions to circumvent the requirement constitutes a violation. Circulars FEMA Sat, 10 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71561