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Foreign investors need participatory note holder's nod to hedge: RBI

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Reuters MUMBAI

MUMBAI (Reuters) - The Reserve Bank of India said on Thursday that foreign institutional investors who have issued a participatory note, can hedge their forex risk in these securities provided they have a mandate from the participatory note holder.

(Reporting by Suvashree Dey Choudhury; Editing by Prateek Chatterjee)

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First Published: Aug 01 2013 | 2:51 PM IST

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