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Reducing documentary requirements for hedging transactions- (Reserve Bank of India) (07 Apr 2016)

MANU/RPRL/0105/2016

Banking

The Reserve Bank of India released proposals to ease documentation requirements on residents for hedging currency risk arising out of trade transactions under the contracted exposure route. Among the changes proposed is permission for booking contracts based on actual underlying documentary evidence by the Authorised Dealer Category-I bank, instead of requiring clients to submit evidence towards the same.

Tags : HEDGING RISK DERIVATE CONTRACTS DOCUMENTARY EVIDENCE

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