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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 using OTC derivatives in IFSC, in addition to exchanges, as per updated guidelines.

Circulars     FEMA

May 22, 2024

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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  1. RBI issues Comprehensive Guidelines on Over the Counter (OTC) Foreign Exchange Derivatives and Overseas Hedging of Commodity Price and Freight Risks

  2. Permission to resident and non-resident entities to undertake hedge transactions with simplified Procedures - FEMA

  3. Permission to resident and non-resident entities to undertake hedge transactions with simplified Procedures

  4. Hedging of Commodity Price Risk and Freight Risk in Overseas Markets (Reserve Bank) Directions - Circular

  5. Risk Management and Inter-bank Dealings – Hedging of foreign exchange risk - Circular

  6. Hedging of exchange rate risk by Foreign Portfolio Investors (FPIs) under Voluntary Retention Route

  7. Review of risk management framework for Equity Derivatives Segment

  8. The RBI issued amendments to the Master Direction on Risk Management and Inter-Bank Dealings, applicable to Standalone Primary Dealers (SPDs) u/s 10(1) of FEMA, 1999....

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  13. Addition on account of difference in Arm’s Length Price - characterization of the business function of the taxpayer - When the taxpayer is not proved to be a risk bearer...

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  15. External Commercial Borrowings (ECB) denominated in Indian Rupees (INR) - hedging facilities for non-resident entities. - Cir. No. 63 Dated: December 29, 2011

 

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