RBI permits writing of options against contracted exposures by Indian Residents

  • RBI
  • June 25, 2016

In order to encourage participation in the Over the Counter (OTC) currency options market and improve its liquidity, RBI has been decided to permit resident exporters and importers of goods and services to write (sell) standalone plain vanilla European call and put option contracts against their contracted exposure, i.e. covered call and covered put respectively, to any AD Cat-I bank in India


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