Regulatory Alerts2026-06-08
Added · Updated
Exclusion of Swap Positions from NOP-INR Calculation for AD Cat-I Banks
Authorised Dealer Category-I banks are permitted to exclude swap positions arising from FCNR (B) deposits, External Commercial Borrowings, and Overseas Foreign Currency Borrowings when calculating their Net Open Position in Indian Rupees. This exclusion applies provided the banks ensure compliance with the provisions of A.P. (DIR Series) Circular No. 24 dated March 27, 2026. The directive is issued under Sections 10(4), 11(1), and 11(2) of the FEMA, 1999.
Search the Website
( 253 kb ) NOP-INR position of Authorised Dealer Category-I banks
RBI/2026-27/101 A.P. (DIR Series) Circular No. 13
June 8, 2026
To,
All Authorised Dealer Category-I Banks
Madam/Sir,
NOP-INR position of Authorised Dealer Category-I banks
Attention of Authorised Dealer Category (AD Cat)-I banks is invited to circulars FMOD.MAOG.No.S-56/01.06.016/2026-27 dated June 8, 2026 , on ‘Swap Facility for FCNR (B) Deposits’ and FMOD.MAOG.No.S-57/01.06.016/2026-27 dated June 8, 2026 , on ‘Swap Facility for External Commercial Borrowings and Overseas Foreign Currency Borrowings’.
-
AD Cat-I banks may exclude the swap positions arising out of FCNR (B) deposits, External Commercial Borrowings and Overseas Foreign Currency Borrowings raised in terms of the aforesaid circulars while ensuring compliance with the provisions of the A.P. (DIR Series) Circular No. 24 dated March 27, 2026 .
-
The directions contained in this circular have been issued under Sections 10(4), 11(1) and 11(2) of the FEMA, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law.
Yours faithfully,
(Dimple Bhandia) Chief General Manager
2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 Archives 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991
Top
Back to previous page
More like this from RBI
RBI published 59 documents in the last 30 days. We email you each new one the day it's published.