Reserve Bank of India (RBI) releases draft Directions on Foreign Exchange Dealings of Authorised Persons

The Reserve Bank of India has recognised the Foreign Exchange Dealers’ Association of India (FEDAI) as a self-regulatory organisation for all authorised dealers under its Omnibus framework for SROs. FEDAI had applied for…

Banks must compute foreign exchange risk capital requirements on a continuous basis at both consolidated and standalone levels. Capital for foreign exchange risk must be maintained at the close of each business day.

The Reserve Bank of India (RBI) issued operational guidance for the implementation of the Government of India’s Interest Subvention Scheme for pre- and post-shipment export credit. The scheme is introduced on a pilot…

Residents and non-residents are permitted to undertake transactions in rupee interest-rate derivatives (IRD), according to master directions released by the Reserve Bank of India (RBI). Non-residents can enter these…