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Hedging of Currency Risk arising out of Trade Transactions by Residents under Contracted Route
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....edging of Currency Risk arising out of Trade Transactions by Residents under Contracted Route <br>News and Press Release<br>Dated:- 7-4-2016<br><BR>The extant regulatory framework under the Foreign Ex....
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....change Management Act, 1999 requires clients to submit documentary evidence of underlying foreign currency exposure to Authorized Dealer Category-I banks at the time of booking of derivative contracts....
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..... With a view to easing the process of hedging, it is proposed to introduce a more liberalized framework for importers and exporters by reducing the documentary requirements for hedging trade transact....
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....ions under the contracted exposure route. It may be recalled that an announcement to this effect was made in the Monetary Policy statement dated September 29, 2015. A consultative paper with the draf....
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....t operational guidelines is given in the Annex. Public comments are invited from banks, businesses having forex exposures, market participants and interested persons on the draft proposal by April 29,....
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.... 2016. Comments may be furnished via e-mail or by post to the Chief General Manager, Reserve Bank of India, Financial Markets Regulation Department, Central Office, Fort, Mumbai-400 001. Alpana Killa....
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....wala Principal Adviser<BR> News - Press release - PIB....