CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle 4th Fl., 7 Cooperage Road, Mumbai - 400 001.India.
Tel : +91 22 22021288 / * Fax : +91 22 22026684
* E-mail : info@chemexcil.gov.in Web : https://chemexcil.in
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EPC/LIC/RBI-HEDGING/DRAFT |
17th April 2017 |
ALL MEMBERS OF THE COUNCIL
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RBI : Draft guidelines for Simplified Hedging Facility
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Dear Members,
Kindly note that the Reserve Bank of India (RBI) has released draft guidelines on 12th April 2017 regarding Simplified Hedging Facility for Residents and Non-Residents which permits dynamic hedging of currency risk and simplifies the procedure involved in booking hedge contracts up-to USD 30 million.
For further details and operational guidelines, members may download the draft document using below link-
https://rbi.org.in/Scripts/bs_viewcontent.aspx?Id=3337
Further, in case of any comments/ suggestions, you may write to following RBI personnel by May 05, 2017 under copy to the Council:
The Chief General Manager
Reserve Bank of India
Financial Markets Regulation Department
Central Office
Fort, Mumbai-400 001
E-mail- fmrdfx@rbi.org.in
Thanking You,
Yours faithfully,
S.G. BHARADI
EXECUTIVE DIRECTOR
CHEMEXCIL
Encl : HEDGING120420171073
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