<h1>New Forex Rules: No Rebooking of Cancelled Rupee Contracts, Reduced Hedging Limits for Importers, Stricter Position Limits.</h1> In response to developments in the foreign exchange market, new measures have been implemented. Residents can no longer rebook cancelled forward contracts involving the Rupee. Importers' hedging based on past performance is reduced to 25% of the eligible limit, and all forward contracts must be fully deliverable. Foreign Institutional Investors cannot rebook cancelled forward contracts, although they can roll them over before maturity. Authorized Dealers' Net Overnight Open Position Limits are reduced, and intra-day limits must not exceed these revised limits. These measures are subject to ongoing review based on market conditions.