RBI Allows Resident Entities To Hedge Gold Price Risk On Recognised Exchanges In IFSC

7 Dec 2022 , 03:49 PM

The Reserve Bank of India (RBI) allowed resident entities to hedge their gold price risk. Resident entities in India are currently not permitted to hedge their exposure to gold price risk in overseas markets. With a view to providing greater flexibility to these entities to hedge the price risk of their gold exposures efficiently, it has been decided to permit resident entities to hedge their gold price risk on recognised exchanges in the International Financial Services Centre (IFSC). Powered by Commodity Insights