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Resurgent India Bonds - Forward Contracts - Clarification

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Full Text of the Document

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.... Sirs, Resurgent India Bonds - Forward Contracts - Clarification Attention of authorised dealers is invited to paragraph 2 of Schedule II to Notification No. FEMA 25/RB-2000 dated May 3, 2000, which lists out the exposure for which forward cover can be offered by authorised dealers to Non-Resident Indians/Overseas Corporate Bodies. 2. As investments in Resurgent India Bonds are not covere....

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