NEW DELHI, July 17 -- The Government of India issued the following FEMA circular:
RBI/2026-27/203
A.P. (DIR Series) Circular No.19
July 17, 2026
To,
All Authorised Dealer Category-I banks
Madam/Sir
Special Rupee Vostro Accounts (SRVAs)
Attention of authorised dealer banks is invited to the following circulars on International Trade Settlement in Indian Rupees (INR): A.P. (DIR Series) Circular No. 10 dated July 11, 2022, Circular No. 08 dated November 17, 2023, Circular No. 11 dated June 11, 2024, A.P. (DIR Series) Circular No. 08 dated August 05, 2025, and A.P. (DIR Series) Circular No. 14 dated October 03, 2025.
2. On a review, it has been decided to consolidate and rationalise the instructions contained in above referred circular...