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Hedging of Currency Risk arising out of Trade Transactions by Residents under Contracted Route

News and Press Release - Dated:- 7-4-2016 - The extant regulatory framework under the Foreign Exchange Management Act, 1999 requires clients to submit documentary evidence of underlying foreign currency exposure to Authorized Dealer Category-I banks .....

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under the contracted exposure route. It may be recalled that an announcement to this effect was made in the Monetary Policy statement dated September 29, 2015. A consultative paper with the draft operational guidelines is given in the Annex. Public .....

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