Tag Archives: Forward Contracts

RBI allows booking of forward contracts upto USD 1,000,000 by residents on simple declaration basis

Booking of Forward Contracts – Liberalisation As announced in the Fourth Bi-monthly Monetary Policy Statement (para. no. 39) on September 29, 2015, with a view to further liberalising the existing hedging facilities, it has been decided to allow all resident individuals, firms and companies, who have actual or anticipated foreign exchange exposures, to book foreign… Read More »