Economics · Foreign Exchange Market Regulations
Consider the following statements regarding the specific exceptions allowed for Authorised Dealers (ADs) under the revised risk management guidelines for undertaking INR-based foreign exchange derivative contracts with related parties: 1. They are permitted to undertake such transactions if the purpose is the cancellation or rollover of existing agreements. 2. They may execute these contracts if they involve back-to-back transactions with non-related non-resident users. 3. An exception is also granted for executing back-to-back transactions with non-related resident users within the domestic market. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2, and 3
- 21 and 3 only
- 32 and 3 only
- 41 and 2 only✓
Correct answer
1 and 2 only
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