RISK MANAGEMENT AND INTER-BANK DEALINGS

NEW DELHI, Oct. 10 -- The Government of India issued the following FEMA circular:

RBI/2026-27/291

A.P. (DIR Series) Circular No. 25

October 10, 2026

To,

All Authorised Dealers

Madam/Sir,

Risk Management and Inter-Bank Dealings

Attention of Authorised Dealers is invited to the Master Direction - Risk Management and Inter-Bank Dealings dated July 05, 2016, as amended from time to time.

2. In view of evolving market conditions, it has been decided as under:

Cancellation and rebooking / rollovers of foreign exchange derivative contracts

(a) An Authorised Dealer shall not permit users to rebook any foreign exchange derivative contract involving the INR, whether deliverable or non-deliverable, which has been cancelled with any of the A...