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Risk-management and Inter-bank dealings: Operational Flexibility for Indian subsidiaries of Non-resident Companies

Risk-management and Inter-bank dealings: Operational Flexibility for Indian subsidiaries of Non-resident Companies

Circular dated 21.03.17

  • With a view to provide operational flexibility to multinational entities and their Indian Subsidiaries exposed to currency risk arising out of current account transactions emanating in India, the extant guidelines have been amended as per the terms and conditions set out in Annex I to the above said circular.
  • Necessary amendments have been made to the Foreign Exchange Management (Foreign Exchange Derivatives Contracts) Regulations, 2000.

 

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