RBI May Ease Cur­rency Hedg­ing Doc­u­men­ta­tion

The Economic Times - - Companies -

The RBI pro­poses to ease doc­u­men­ta­tion re­quire­ments for hedg­ing of cur­rency risk aris­ing out of trade trans­ac­tions un­der the Con­tracted Ex­po­sure route by im­porters and ex­porters. The draft guide­lines re­leased by the cen­tral bank prosposes to do away with ver­i­fi­ca­tion of un­der­ly­ing doc­u­men­tary ev­i­dence by the bank, sub­ject to the op­er­a­tional guide­lines, terms and con­di­tions out­lined by the cen­tral bank.

MUM BAI

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