Facilitating Rupee Trade - Hedging Facilities for Non-resident Entities
IN order to facilitate greater use of Indian Rupee in trade transactions, RBI has decided to allow non-resident importers and exporters to hedge their currency risk in respect of exports from and imports to India, invoiced in Indian Rupees.
Necessary amendments to Notification No. FEMA.25/RB-2000 dated May 3, 2000 [Foreign Exchange Management (Foreign Exchange Derivatives Contracts) Regulations, 2000] are being notified separately.
RBI A.P. (DIR Series) Circular No.3., Dated: July 21, 2011