19-April-2024
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RBI
 
‘Authorised dealers can offer up to $1 mn forex derivative contracts to users’
18-Feb-2019

Authorised dealers can offer foreign exchange derivative contracts up to $1 million to users - retail or non-retail - to hedge their exposure to the exchange rate of Rupee against a foreign currency on account of current and capital account transactions permissible under Foreign Exchange Management Act (FEMA), 1999, according to the Reserve Bank of India’s draft circular on Hedging of foreign exchange risk by Residents and Non-Residents.

News Source:- https://www.thehindubusinessline.com/money-and-banking/authorised-dealers-can-offer-up-to-1-mn-forex-derivative-contracts-to-users/article26288882.ece
 
 
 
 
 

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