Forward cover for Foreign Institutional Investors – Rebooking of cancelled contracts

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Full Text of the Document

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....- I) banks is invited to Regulation 5 of Notification No.FEMA.25/RB-2000 dated May 3, 2000, as amended from time to time regarding the permission to a person resident outside India to enter into a foreign exchange derivative contract, read with A. P. (DIR Series) Circular No.32 dated December 28, 2010 in the matter. 2. Currently, in terms of Section C (i) (d) of the A. P. (DIR Series) Circular No....