The Reserve Bank of India has permitted resident exporters and importers of goods and services to write (sell) standalone plain vanilla European call and [ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”3″ ihc_mb_template=”2″ ]put option contracts against their contracted (i.e. covered call and put) exposure to any authorized dealer category-I bank in India, subject to certain operational guidelines, terms and conditions. This is in furtherance of a bi-monthly monetary policy statement issued on 7 April 2015.
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The business law digest is compiled by Nishith Desai Associates (NDA). NDA is a research-based international law firm with offices in Mumbai, New Delhi, Bangalore, Singapore, Silicon Valley and Munich. It specializes in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner.
