•  Permission to various participants in the foreign exchange market, including exporters, Indians investing abroad, FIIs, to avail forward cover and enter into swap transactions without any limit subject to genuine underlying exposure. 22  BIS Review 51/2007  •  FIIs and NRIs permitted to trade in exchange-traded derivative contracts subject to certain conditions.
•  Foreign exchange earners permitted to retain up to 100 per cent of their foreign exchange earnings in their Exchange Earners’ Foreign Currency accounts. Residents are permitted to remit up to US $ 1,00,000 per financial year.