Wait...
  1. Home >
  2. Notifications >
  3. RBI >
  4. A.P.D.(Series) Circulars >
  5. Risk Management System (RMS) >
  6. Import Export Data, Export Import shipment data from Customs

Online Export Import Data Search

Complete Training Video : Click Here

Date: 26-02-2018
Notification No: A. P. (DIR Series) Circular No. 18
Issuing Authority: RBI  
Type: A.P.D.(Series) Circulars
File No: RBI/2017-18/134 A. P. (DIR Series) Circular No. 18
Subject: Risk Management an d Inter-bank Dealings: Revised guidelines relating to participation of a person resident in India and Foreign Portfolio Investor (FPI) in the Exchange Traded Currency Derivatives (ETCD) Market

RBI/2017-18/134
A. P. (DIR Series) Circular No. 18

February 26th, 2018

All Category - I Authorised Dealer banks

Madam/Sir,

Risk Management an d Inter-bank Dealings: Revised guidelines relating to participation of a person resident in India and Foreign Portfolio Investor (FPI) in the Exchange Traded Currency Derivatives (ETCD) Market

Attention of Authorized Dealers Category - I (AD Category - I) banks is invited 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), as amended from time to time, A.P. (DIR Series) Circular No. 90 dated March 31, 2015 relating to participation of a person resident in India in the Exchange traded currency derivatives (ETCD) market, A.P. (DIR Series) Circular No. 91 dated March 31, 2015 relating to participation of a Foreign Portfolio Investor (FPI) in the ETCD market.

2. Currently, persons resident in India and FPIs are allowed to take a long (bought) or short (sold) position in USD-INR upto USD 15 million per exchange without having to establish existence of underlying exposure. In addition, residents & FPIs are allowed to take long or short positions in EUR-INR, GBP-INR and JPY-INR pairs, all put together, upto USD 5 million equivalent per exchange without having to establish existence of any underlying exposure.

3. It has now been decided to permit persons resident in India and FPIs to take positions (long or short), without having to establish existence of underlying exposure, upto a single limit of USD 100 million equivalent across all currency pairs involving INR, put together, and combined across all exchanges.

4. The onus of complying with the provisions of this circular rests with the participant in the ETCD market and in case of any contravention the participant shall be liable to any action that may be warranted as per the provisions of Foreign Exchange Management Act, 1999 and the regulations, directions, etc. issued thereunder. These limits shall also be monitored by the exchanges, and breaches, if any, may be reported to the Reserve Bank of India.

5. All other operational guidelines, terms and conditions shall remain unchanged.

6. This circular has been issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and is without prejudice to permissions/approvals, if any, required under any other law.

Yours faithfully,
(T. Rabi Sankar)
Chief General Manager

       

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 13-12-2018
NOTIFICATION No. 57/2018-Customs (ADD) New
Seeks to levy definitive anti-dumping duty on the imports of "Uncoated Copier Paper" originating in or exported from Indonesia, Thailand and Singapore.

Date: 12-12-2018
Circular No. 52/2018-Customs
Revision of All Industry Rates (AIRs) of Duty Drawback

Date: 06-12-2018
Circular No. 50/2018-Customs
Clarification with respect to amendments to Customs and Central Excise notifications for EOUs - reg.

Date: 06-12-2018
Public Notice No. 57/2015-20
Errata to Public Notice No.50/2015-2020 dated 26th November, 2018 notifying procedure for allocation of quota for import of (i) Calcined Pet Coke for use as Calcined Pet Coke (CPC) in Aluminum Industry and (ii) Raw Pet Coke for CPC manufacturing industry.

Date: 06-12-2018
A.P. (DIR Series) Circular No.16
Exim Bank's Government of India supported Line of Credit of USD 500 million to the Government of the United Republic of Tanzania

Date: 06-12-2018
Notification No. 96/2018 - Customs (N.T.)
Exchange Rates Notification No.96/2018-Custom(NT) dated 06.12.2018

Date: 05-12-2018
Notification No. 1/2018-Central Excise (N.T)
General Bond (Form B-17) to be executed by the EOUs

Date: 05-12-2018
Notification No. 79/2018-Customs
Amendment to notification no. 52/2003-Customs dated 31.03.2003 -reg.

Date: 05-12-2018
NOTIFICATION No. 23/2018-Central Excise
Amendment to notification no. 22/2003-CE, 23/2003-CE & 24/2003-CE all dated 31.03.2003 -reg.

Date: 05-12-2018
NOTIFICATION No. 23/2018-Central Excise
Amendment to notification no. 22/2003-CE, 23/2003-CE & 24/2003-CE all dated 31.03.2003 -reg.



Exim Guru Copyright © 1999-2018 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001