Booking and Cancellation of Forward Contracts

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....r No.63 dated December 21, 2002 in terms of which all forward contracts booked by residents in respect of their foreign currency exposures falling due within one year are permitted to be cancelled and rebooked freely, subject to submission of details of import and non-trade payment exposures by the constituents to their AD banks on an annual basis. Forward contracts booked to hedge export transact....

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....ructions relating to booking/cancellation/rebooking of forward contracts contained in our A.P.(DIR Series) circular No.63 dated December 21, 2002, including submission of details of exposures in foreign currency remain unchanged. The format in which exposures are required to be declared has been revised in tune with the amended guidelines and is annexed to this Circular. Please note that details o....