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