Open position computation for AD Cat-I banks excludes hedged FCNR(B) and foreign borrowing transactions under revised RBI directions.

Open position computation for AD Cat-I banks excludes hedged FCNR(B) and foreign borrowing transactions under revised RBI directions. https://www.taxtmi.com/highlights?id=101143 AD Cat-I banks must exclude positions arising from hedged transactions linked to FCNR(B) deposits, External Commercial Borrowings and Overseas Foreign Currency Borrowings when computing net overnight open position. The circular partially modifies the earlier NOP-INR directions and requires continued compliance with the June 2026 swap-facility circulars, the March 2026 circular on open positions, and the Master Direction on Risk Management and Inter-Bank Dealings. The clarification is issued under FEMA and operates without prejudice to any approvals required under other laws. en-us Fri, 26 Jun 2026 19:01:29 +0530 Fri, 26 Jun 2026 19:03:28 +0530 TaxTMI RSS Generator Open position computation for AD Cat-I banks excludes hedged FCNR(B) and foreign borrowing transactions under revised RBI directions. https://www.taxtmi.com/highlights?id=101143 AD Cat-I banks must exclude positions arising from hedged transactions linked to FCNR(B) deposits, External Commercial Borrowings and Overseas Foreign Currency Borrowings when computing net overnight open position. The circular partially modifies the earlier NOP-INR directions and requires continued compliance with the June 2026 swap-facility circulars, the March 2026 circular on open positions, and the Master Direction on Risk Management and Inter-Bank Dealings. The clarification is issued under FEMA and operates without prejudice to any approvals required under other laws. Highlights FEMA Fri, 26 Jun 2026 19:01:29 +0530 https://www.taxtmi.com/highlights?id=101143