sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Latest Circulars »
 Reporting and Accounting of Central Government Transactions of March 2019
 Auction for Sale (Re-issue) of Government Stock (GS) March 18, 2019
 Auction of Government of India Dated Securities March 18, 2019
 Reserve Bank of India Clarifies
 Reserve Bank of India (Prevention of Market Abuse) Directions, 2019
 22nd Meeting of the FSDC Sub-Committee – Mumbai
 RBI to inject Rupee liquidity through long term USD/INR Buy/Sell Swap auction
 RBI-Stable inflation, slower industrial production raise chances of RBI rate cut
  RBI Announces OMO Purchase of Government of India Dated Securities
 Notification No. 20 /2019 - Customs (N.T.) Ministry Of Finance
 Notification No.21/2019 - Customs (N.T.) Central Board Of Indirect Taxes And Customs

RBI announces draft directions on facilities for hedging foreign exchange risk by Residents and Non-residents
February, 18th 2019

The Reserve Bank of India today released a draft of the revised directions and regulations on facilities for hedging foreign exchange risk by Residents and Non-residents. Comments on the draft directions are invited from banks, market participants and other interested parties by March 15, 2019.

Feedback on the draft directions may be forwarded to:

The Chief General Manager, Reserve Bank of India
Financial Markets Regulation Department 
1st Floor, Main Building
Shahid Bhagat Singh Marg
Mumbai – 400001

Or by email with subject line “Feedback - facilities for hedging foreign exchange risk”

Background

A review of the existing facilities for hedging of foreign exchange risk by non-residents and residents was announced in the Statement on Developmental and Regulatory Policies in February 2018 and August 2018 respectively.

Post review, a draft of the revised directions is being put in the public domain for seeking comments. The draft directions propose to, inter alia:

(i) Merge the facilities for residents and non-residents into a single unified facility for all users,

(ii) Allow users having valid exposure to hedge the same using any available instrument,

(iii) Introduce the facility to hedge anticipated exposure,

(iv) Simplify the procedures for authorised dealers to offer foreign exchange derivatives.

Once finalised, the directions shall replace the existing directions in Part A - Section I and II of the Master Direction on Risk Management and Interbank Dealings.

Ajit Prasad
Assistant Adviser

Press Release : 2018-2019/1960

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Outsourcing Test Solutions Software Testing Software Bug Testing Software Issues Tracking Software Issue Fix Software Code Optimization Database Design Optimization

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions