Risk Management and Inter-Bank Dealings – Reporting of Unhedged Foreign Currency Exposures of Corporates

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..... tes Attention of Authorised Dealer Category I (AD Category I) banks is invited to Section B paragraph 1(i)(h) and Section G Para (ii) of A.P. (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 and C.O. Circular FE.CO.FMD. 7472/02.03.075 (Policy) .....

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..... e Directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 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 - Office or .....

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