RBI permits QFIs to hedge currency risk

With a depreciating rupee and a volatile forex market, the Reserve Bank of India has allowed the qualified foreign investors (QFIs) to protect their investment through the hedging mechanism. QFIs can be either foreign individuals, trusts or associations which meet certain SEBI-specified criteria.
http://www.thehindubusinessline.com/industry-and-economy/article3851300.ece?homepage=true

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