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FEMA - Highlights / Catch Notes

Home Highlights May 2024 Year 2024 This

The Reserve Bank of India (RBI) issued Circular No. 01/2024-25 ...


RBI Allows Resident Entities to Hedge Gold Price Risk Overseas via IFSC Using OTC Derivatives and Exchanges.

May 22, 2024

Circulars     FEMA

The Reserve Bank of India (RBI) issued Circular No. 01/2024-25 allowing resident entities to hedge gold price risk in overseas markets using OTC derivatives in addition to exchanges in the International Financial Services Centre (IFSC). This decision aligns with the Master Direction on Foreign Exchange Management. The circular, effective immediately, was issued u/s 10(4) and 11(1) of the Foreign Exchange Management Act, 1999, and does not affect compliance with other laws.

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