21-April-2026
RBI
 
RBI partially rolls back restrictions on trades in forex market; $100-mn open position cap remains
21-Apr-2026

The Reserve Bank of India (RBI) on Monday partially rolled back some of the restrictions imposed on trades in the offshore non-deliverable forwards (NDF) market. In a notification, the central bank said it has withdrawn its earlier circular that barred banks from offering certain derivative contracts to resident and non-resident users. Banks are now also permitted to rebook or cancel such contracts, with immediate effect.

News Source:- https://www.financialexpress.com/business/news-rbi-partially-rolls-back-restrictions-on-trades-in-forex-market-100-mn-open-position-cap-remains-4213308/?ref=hometop_hp
 
 
 

Notes:
1. Copyright and ownership of all content from IMC and other IMC sites belongs to IMC except third-party resources
2. Copyright, intellectual property right, ownership or responsibility of error of other content belong to respective sources
3. Please do not reply to this mail

For suggestions and feedback click here.

Disclaimer:
IMC is not responsible for any kind of loss arising due to the information. You are receiving this newsletter because you have subscribed to this service. To unsubscribe click here.
Head Office : IMC Bldg., IMC Marg, Churchgate, Mumbai - 400 020 India  |   Tel : 91-22-22046633  |   Fax : 91-22-22048508 / 22838281
E-Mail : imc@imcnet.org  |   Website : www.imcnet.org