Hedging of exchange rate risk by Foreign Portfolio Investors (FPIs) under Voluntary Retention Route

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....ers Category - I (AD Category - I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No. FEMA. 25/RB-2000 dated May 3, 2000), as amended from time to time and Master Direction - Risk Management and Inter-Bank Dealings dated July 5, 2016, as amended from time to time. 2. A reference is also invited to A.P. ....

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....ued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions/ approvals, if any, required under any other law. Yours faithfully, (T Rabi Sankar) Chief General Manager Annex Hedging of exchange rate risk by Foreign Portfolio Investors (FPIs) under Voluntary Retention Route Purpose: To hedge the exposure to exchange rate ....