TMI BlogDefinitionsX X X X Extracts X X X X X X X X Extracts X X X X ..... 3 [ 'authorised dealer' means a person authorised as such by Reserve Bank under sub-section (1) of section 10 of the Act; ] (iii) 6 [ **** ] (iv) 6 [ **** ] (v) 4 [ Foreign exchange derivative contract means a financial contract which derives its value from the change in the exchange rate of two currencies at least one of which is not Indian Rupee or which deriv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... under, that have been entered into. (xiii) Anticipated exposure refers to currency risk arising on account of current and capital account transactions permissible under the Act or any rules or regulations made thereunder, that are proposed to be entered into in future. (xiv) Currency risk means the potential for loss on account of movement in exchange rates of Rupee against a foreign cur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . FEMA.398/RB-2020 dated 18-02-2020 before it was read as (ii) 'authorised dealer' means a person authorised as authorised dealer under sub-section (1) of section 10 of the Act; 4. Substituted vide Notification No. FEMA.398/RB-2020 dated 18-02-2020 before it was read as (v) 'Foreign exchange derivative contract' means a financial transaction or an arrangement in wha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9; means a transaction involving delivery, other than Cash or Tom or Spot delivery, of foreign exchange; 1 [(va) 'Currency Futures' means a standardised foreign exchange derivative contract traded on a recognized stock exchange to buy or sell one currency against another on a specified future date, at a price specified on the date of contract, but does not include a forward contract ..... X X X X Extracts X X X X X X X X Extracts X X X X
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