Definitions

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d dealer' means a person authorised as such by Reserve Bank under sub-section (1) of section 10 of the Act;] (iii) 6[****] (iv) 7[****] (v) 4[Foreign exchange derivative contract" means a financial contract which derives its value from the change in the exchange rate of two currencies at least one of which is not Indian Rupee or which derives its value from the change in the interest r....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....isk arising on account of current and capital account transactions permissible under the Act or any rules or regulations made thereunder, that are proposed to be entered into in future. (xiv) 'Currency risk' means the potential for loss on account of movement in exchange rates of Rupee against a foreign currency or on account of movement in exchange rates of one foreign currency against another ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s, "(ii) 'authorised dealer' means a person authorised as authorised dealer under sub-section (1) of section 10 of the Act;" 4. Substituted vide Notification No. 398/RB-2020 dated 18-02-2020, w.e.f. 18-02-2020 before it was read as, "(v) 'Foreign exchange derivative contract' means a financial transaction or an arrangement in whatever form and by whatever name calle....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....dated 18-02-2020, w.e.f. 18-02-2020 before it was read as, "(iv) 'Forward contract' means a transaction involving delivery, other than Cash or Tom or Spot delivery, of foreign exchange;" 8. Omitted vide Notification No. 398/RB-2020 dated 18-02-2020, w.e.f. 18-02-2020 before it was read as, "1[(va) 'Currency Futures' means a standardised foreign exchange derivative ....