Risk Management and Inter Bank Dealings

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..... DIR Series) Circular No. 32 dated December 28, 2010 on Comprehensive Guidelines on Over the Counter (OTC) Foreign Exchange Derivatives and Overseas Hedging of Commodity Price and Freight Risks in terms of which FIIs have been permitted to hedge the currency risk on the market value of their entire investment in equity and/or debt in India. 2. Under the provisions of the said section, AD Categ .....

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..... cerned. 4. The directions contained in this circular have been issued 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 (Rudra Narayan Kar) Chief General Manager in-Charge - Circular - Trade Notice - Public Notice - Instructions - Of .....

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