As per RBI/2011-12/300, A.P. (DIR Series) Circular
No. 58, dated December 15, 2011 the Reserve Bank of India (RBI) has
suggested some measures regarding risks management and inter banks
dealings occurring in India.
RBI has sought the attention of Authorised Dealers
Category – I (AD Category – I) banks to the Foreign Exchange
Management (Foreign Exchange Derivative Contracts) Regulations, 2000
dated May 3, 2000 [Notification No.FEMA/25/RB-2000 dated May 3, 2000]
and A.P.(DIR Series) Circular No.32 dated December 28, 2010, as
amended from time to time.
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