TMI BlogForeign Exchange Management (Foreign Exchange Derivative Contracts)(Amendment) Regulations, 2016X X X X Extracts X X X X X X X X Extracts X X X X ..... gn Exchange Management (Foreign Exchange Derivative Contracts)(Amendment) Regulations, 2016 G.S.R. 571(E) .-In exercise of the powers conferred by clause (h) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) , the Reserve Bank hereby makes the following amendments in the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er the existing paragraph B , the following shall be added, viz.: (C) Writing of standalone options against underlying exposure A person resident in India may enter into cross-currency option contract (not involving the rupee as one of the currencies) and / or foreign currency rupee option contract authorised dealer against an underlying foreign exchange exposure in respect of a trans ..... X X X X Extracts X X X X X X X X Extracts X X X X
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