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Hedging of Currency Risk arising out of Trade Transactions by Residents under Contracted Route

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..... Hedging of Currency Risk arising out of Trade Transactions by Residents under Contracted Route - News and Press Release Dated:- 7-4-2016 - News - The extant regulatory framework under the Foreign E .....

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..... xchange Management Act, 1999 requires clients to submit documentary evidence of underlying foreign currency exposure to Authorized Dealer Category-I banks at the time of booking of derivative contrac .....

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..... ts. With a view to easing the process of hedging, it is proposed to introduce a more liberalized framework for importers and exporters by reducing the documentary requirements for hedging trade transa .....

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..... ctions under the contracted exposure route. It may be recalled that an announcement to this effect was made in the Monetary Policy statement dated September 29, 2015. A consultative paper with th .....

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..... e draft operational guidelines is given in the Annex. Public comments are invited from banks, businesses having forex exposures, market participants and interested persons on the draft proposal by Apr .....

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..... il 29, 2016. Comments may be furnished via e-mail or by post to the Chief General Manager, Reserve Bank of India, Financial Markets Regulation Department, Central Office, Fort, Mumbai-400 001. Alp .....

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..... ana Killawala Principal Adviser - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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