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RBI seeks comment on Hedging of Commodity Price Risk report

Published: Nov 17, 2017

By TIOLCORPLAWS News Service

MUMBAI, NOV 17, 2017: THE Reserve Bank of India (RBI) has placed on its website the Report of the Working Group on Hedging of Commodity Price Risk by Residents to which Suggestions or comments, on the Report can be forwarded to by December 15, 2017.

Exposure of Indian entities to commodity price risks has been accentuated by the growing integration of the Indian economy with the rest of the world and rising volumes of cross border trade. RBI had set up a working group to review the guidelines for hedging of commodity price risk by residents in the overseas markets during the development phase of our domestic commodity derivative market with the following terms of reference:

  1. Assess the risks faced by resident entities and their hedging requirements,

  2. Identify gaps in the existing regulatory framework in relation to the hedging requirements viz. coverage of commodities, participants and products,

  3. Suggest the broad principles for guiding the regulatory regime for overseas hedging of commodity risks,

  4. Recommend a modified framework for residents hedging commodity risk overseas,

  5. Any other related matter

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