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..... - Dated 25-10-2016, before it was read as, 1 [Permission to a person resident outside India to enter into currency futures or exchange traded currency options 05B. A person resident outside India who is eligible to invest in securities as laid down in Schedules 2 , 5 , 7 and 8 of Foreign Exchange Management (Transfer or Issue of Security by a person resident outside India) Regulat .....

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..... Rupee denominated asset held by him or a Rupee denominated liability incurred by him, as permitted under FEMA, 1999, may transact currency derivatives contracts on a stock exchange recognised under section 4 of Securities Contracts (Regulations) Act, 1956 to hedge such exposure, subject to such terms and conditions as may be set forth in the directions issued by the Reserve Bank of India from tim .....

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