Current Affairs · Foreign Exchange Management and Derivatives
RBI's updated guidelines on foreign exchange (FX) derivative contracts aim to curb speculative trading while preserving genuine hedging needs. Which of the following reflects a key regulatory condition under these norms?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Forward contracts may now be rolled over indefinitely without fresh underlying documentation
- 2Banks may treat all related-party transactions as exempt if reported post-facto
- 3Rebooking of cancelled derivative contracts is permitted provided the underlying exposure arises from genuine trade transactions✓
- 4Non-deliverable derivative contracts are fully prohibited for all users without exception
Correct answer
Rebooking of cancelled derivative contracts is permitted provided the underlying exposure arises from genuine trade transactions
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