Synopsis The Reserve Bank of India has implemented fresh regulations that drastically reduce the maximum limit for dollar forward transactions by corporates from $100 million to just $5 million, imposing more stringent documentation requirements. To ease compliance, companies may consider classifying contracted exposures as anticipated exposures. This regulatory shift aims to enhance management of exchange rate risks in light of volatile market conditions, sparking ongoing industry dialogues about its practical impacts. Mumbai: Saddled with new dos and don’ts in foreign exchange market, some banks and corporates may try less demanding rules to cut deals and reduce paper work. They are…
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