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Hedging of Gold Price Risk in Overseas Markets

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....nnounced as a part of the Bi-monthly Monetary Policy Statement for 2023-24 dated February 08, 2024, regarding hedging of price risk of gold in overseas markets. Attention is also invited to the Master Direction - Foreign Exchange Management (Hedging of Commodity Price Risk and Freight Risk in Overseas Markets) Directions, 2022. 2. Resident entities were permitted to hedge their exposure to pric....

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