NEW DELHI, April 20 -- The Government of India issued the following FEMA circular:
RBI/2026-27/14
A.P. (DIR Series) Circular No. 07
April 20, 2026
To,
All Authorised Dealers
Madam/Sir,
Risk Management and Inter-Bank Dealings
Attention of Authorised Dealers is invited to the A.P. (DIR Series) Circular No. 24 dated March 27, 2026, the A.P. (DIR Series) Circular No. 03 dated April 01, 2026, and the Master Direction - Risk Management and Inter-Bank Dealings dated July 05, 2016, as amended from time to time.
2. On a review, it has now been decided to withdraw the instructions issued vide A.P. (DIR Series) Circular No. 03 dated April 01, 2026. Further, it has been decided that Authorised Dealers shall not undertake any foreign exchange d...