There are no restrictions with regard to the end-use of foreign exchange except for prohibited transactions such as margin trading and lottery, RBI said.

Domestic entities have been allowed similar access to currency derivatives, RBI said, adding that detailed operating guidelines will be issued separately. Non-resident Indians who were so far not allowed to take any Indian currency notes out of the country have been allowed to take out up to Rs.

However, citizens of Pakistan and Bangladesh will still not be allowed to take any Indian currency out of the country. Indian residents who were so far only allowed to take out Rs. Ltd HSBC , and country head, HSBC India.

RBI warns of forex trading through foreign portals - Livemint

Local companies have also now got the option to hedge their foreign exchange exposure through derivatives, besides over the counter. Venkatesh , treasury head at IDBI Bank Ltd and chairman of the fixed income money market and derivatives association of India. Home Companies Industry Politics Money Opinion Lounge Multimedia Science Education Sports More Technology Consumer Specials Mint on Sunday.

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Tue, Jun 03 RBI Foreign Exchange Remittance Rupee Dollar.

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