Hedging of Gold Price Risk in Overseas Markets

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..... cy 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 price risk of gold on exchanges in the International Fin .....

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..... of Commodity Price Risk and Freight Risk in Overseas Markets) Directions, 2022 has been updated accordingly. 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, (Dimple Bhandia) Chief Gen .....

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