No.CLE/Pol/RBI/2011
July 22, 2011

Dear members,

Sub : Facilitating Rupee Trade – Hedging facilities for Non-Resident Entities

With a view to hedge the currency risk arising out of genuine trade transactions involving exports from and imports to India, the Reserve Bank of India has issued a circular No.3 dt.21 July 2011 facilitating the non-resident importers and exporters to raise their invoices in Indian Rupees in respect of exports from and import to India.

Members may please refer the copy of the circular along with the Annex for further details.

With regards

Ali Ahmed Khan
Executive Director