Booking of Forward Contracts Based on Past Performance

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Full Text of the Document

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....n of Authorised Dealers is invited to paragraph A.2 of our Master Circular No1 dated July 1, 2003 on Risk Management and Inter-bank Dealings, in terms of which importers/exporters are permitted to book forward contracts on the basis of declaration of an exposure based on past performance, subject to the condition that at any point of time the forward contracts so booked and outstanding shall not e....