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Risk Management & Inter-Bank Dealings Relaxation of facilities for residents for hedging of foreign currency borrowings

FEMA - 28 - Dated:- 5-11-2015 - RBI/2015-16/232 A.P. (DIR Series) Circular No. 28 November 5, 2015 To, All Authorised Dealer Category - I banks Madam / Sir, Risk Management & Inter-Bank Dealings: Relaxation of facilities for residents for hedging of foreign currency borrowings Attention of Authorised Dealers Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No.FEMA/25/RB-200 .....

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dated May 3, 2000, as amended from time to time and rules, regulations and directions issued thereunder, are permitted to hedge exchange rate and/or interest rate risk exposure thereof by undertaking a foreign currency-INR swap to move from a foreign currency liability to a rupee liability with an AD Cat-I bank subject to the operational guidelines, terms and conditions as mentioned in the above circular. 3. With a view to facilitating hedging of long term foreign currency borrowings by resident .....

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