Permission to Hedge Certain Transactions

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Full Text of the Document

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....ward contract with rupee as one of the currencies with an Authorised Dealer (AD) in India to hedge - (i) the amount of dividend due to it on an existing investment in the form of shares of an Indian company; (ii) the balances held in an existing Foreign Currency Non-Resident (FCNR) account or Non-resident External Rupee (NRE- Rupee) Term Deposit account; (iii) the amount....