NOP-INR position limit tightened for Authorised Dealers, requiring daily compliance within the prescribed onshore deliverable market cap.

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Full Text of the Document

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....Authorised Dealers must maintain their NOP-INR positions in the onshore deliverable market within US$ 100 million at the end of each business day. The limit applies to exchange rate management under the RBI's risk management framework and must be complied with at the earliest, and no later than April 10, 2026. The circular operates without prejudice to any permissions or approvals required under other applicable law.....