Reserve Bank of India (RBI) vide A.P. (DIR Series) Circular no. 30 dated February 02, 2017 has permitted Non Resident Indians (NRIs) to participate in the exchange traded currency derivatives market to hedge the currency risk arising out of their investments in India under FEMA, 1999.
In this regard, SEBI has issued a circular no. SEBI/HO/MRD/DP/CIR/P/2017/63 dated June 28, 2017.
The copy of the SEBI circular is attached herewith as Annexure-1.
Stock brokers are advised to take note of the same and ensure compliance.
For and on behalf of BSE Ltd.
Hitasha Gurbani Priya Pillai
Assistant General Manager Sr. Manager
Broker Supervision Broker Supervision |