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(Foreign Exchange Management Act

RBI allows NRIs access to currency derivatives market

RBI allows NRIs access to currency derivatives market

Sat, Feb 04, 2017

"With a view to enable additional hedging products for NRIs to hedge their investments in India, it has been decided to allow them access to the exchange traded currency derivatives market to hedge the currency risk arising out of their investments in India under FEMA (Foreign Exchange Management Act), 1999," the RBI said in a notification on Thursday.

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