Hedging of Overseas Direct Investments By Residents - Liberalisation

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Full Text of the Document

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....ar No. 47 dated December 12, 2003, in terms of which resident entities having overseas direct investments (in equity and loan) are permitted to hedge the exchange risk arising out of such investments by entering into forward / option contracts with AD Category - I banks, subject to verification of such exposure. Such contracts must be completed by delivery or rolled over on the due date and not ca....