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Power of AO to Grant Stay — Whether Discretionary or Controlled By the Instructions and Circulars
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Tax Implications in the Hands of Successor / Resulting Company
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Capital Gains Tax Implications in Singapore on Capital Reduction or Liquidation
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Legal Considerations for Start-Ups – Are you overlooking some?
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ATR & AQMM – Audit Reports of Auditors!
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भारत पहले – 75 Year of Independence
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February 2012

A.P. (DIR Series) Circular No. 63, dated 29-12-2011 — External Commercial Borrowings (ECB) denominated in Indian Rupees (INR) — Hedging facilities for non-resident entities

By Gaurang Gandhi, Chartered Accountant

Reading Time 1 mins

Presently, certain eligible borrowers are permitted to avail of ECB in Indian Rupees. This Circular permits non-resident lenders to hedge their currency risk in respect of ECB denominated in Indian Rupees. Hedge using any of the following products is permitted:

1. Forward foreign exchange contracts with Rupee as one of the currencies.

2. Foreign currency-INR options.

3. Foreign currency-INR swaps.

Detailed guidelines in this respect are annexed to this Circular.

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February 2012

A.P. (DIR Series) Circular No. 63, dated 29-12-2011 — External Commercial Borrowings (ECB) denominated in Indian Rupees (INR) — Hedging facilities for non-resident entities

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February 2012

A.P. (DIR Series) Circular No. 63, dated 29-12-2011 — External Commercial Borrowings (ECB) denominated in Indian Rupees (INR) — Hedging facilities for non-resident entities

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You May Also Like

SAT Now Holds Front Running to be an Offence – SEBI Follows with Similar Amendments

A.P. (DIR Series) Circular No. 64, dated 5-1-2012 — External Commercial Borrowings (ECB).