Earlier networth limit was at Rs 100 crore. “It has now been stipulated that listed companies and their subsidiaries or joint ventures or associates having common treasury and consolidated balance sheet or unlisted companies with a minimum networth of Rs 200 crore can undertake cost reduction structures,” RBI said in a notification.
Forex derivatives are a product sold by banks to companies to help them hedge against risks of fluctuations in foreign exchange value and interest rates.
The Reserve Bank added all such hedge products would be “fair valued” on each reporting date.
Published 16 May 2011, 16:02 IST