https://www.taxtmi.com/circulars?id=70333 Authorised Dealer Category-I banks must exclude positions arising from hedged transactions relating to FCNR(B) deposits, external commercial borrowings and overseas foreign currency borrowings when computing net overnight open position in Indian rupees. The change partially amends the earlier direction on NOP-INR position and must be applied consistently with the circular on open positions and the Master Direction on Risk Management and Inter-Bank Dealings. The directions are issued under FEMA, 1999 and are without prejudice to other legal permissions or approvals. en-us Tue, 23 Jun 2026 00:00:00 +0530 Wed, 24 Jun 2026 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=70333 Authorised Dealer Category-I banks must exclude positions arising from hedged transactions relating to FCNR(B) deposits, external commercial borrowings and overseas foreign currency borrowings when computing net overnight open position in Indian rupees. The change partially amends the earlier direction on NOP-INR position and must be applied consistently with the circular on open positions and the Master Direction on Risk Management and Inter-Bank Dealings. The directions are issued under FEMA, 1999 and are without prejudice to other legal permissions or approvals. Circulars FEMA Tue, 23 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70333