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FEDAI FOREIGN EXCHANGE GUIDELINES
India refines 1,200 tonnes of gold but consumes 800-850 tonnes: How GIFT City could help unlock major export opportunityIndia’s 1,200-tonne gold refining industry could unlock new export opportunities through GIFT City, Gujarat, following the introduction of ...
No meddling as 'middlemen' in forex conversion by banks: New rules forbid conversion of foreign earnings into rupees to detriment of exportersThe Foreign Exchange Dealers' Association of India (FEDAI) has directed banks not to convert foreign currency remittances into rupees witho...
India's forex reserves shed $60 billion in six weeks as RBI steps in to support rupee, one of Asia's worst-performing currencies this yearIndia’s foreign exchange reserves declined by nearly $60 billion in six weeks to $726.027 billion as of October 9, from a record high of $7...
India's forex reserves drop by $8.58 billion to $726.03 billion in week ended October 9: RBIIndia’s foreign exchange reserves fell by $8.578 billion to $726.027 billion in the week ended October 9, according to data released by the...
Rupee relief comes with disruptions in financial marketsThe Reserve Bank of India took decisive steps to stabilize the rupee, significantly affecting financial markets. New constraints led to sky...
RBI clarifies interbank trades, ECBs coupons not part of FERRReserve Bank of India recently clarified the applicability of foreign exchange risk reserve for banks. The requirement does not apply to ba...
RBI issues clarifications on forex hedging curbsThe Reserve Bank of India issued clarifications on its recent measures to support the rupee. This followed concerns about tighter hedging r...
IMF applauds India’s GDP data revamp, says currency pain is no sign of failure as country entered energy shock with strong fundamentalsThe International Monetary Fund has raised India's growth forecast to 7% for this year and next. India is seen as having strong fundamental...
Can RBI’s six forex measures help stabilise the rupee?The Reserve Bank of India has introduced several measures aimed at stabilizing the value of the rupee. These steps have successfully lifted...
PM Modi woos global investors, says India believes in 'Power to Empower'The Prime Minister told the gathering of business leaders from India and abroad that the country has seen inclusive growth at a steady pace...
New FX curbs sow confusion, bankers await clarity on dealing rupee derivativesBankers are interpreting the new foreign-exchange regulations in India broadly, especially regarding cash-margin requirements related to ru...
Rupee jumps 82 paise to 94.96 against US dollar in early tradeIn early trading, the rupee appreciated by 82 paise against the US dollar, hitting 94.96, thanks to strategic moves by the Reserve Bank of ...
Banks seek clarification on implementation of RBI forex measuresIndian lenders have requested clarification from the Reserve Bank of India regarding new currency-supporting measures. They seek guidance o...
Banks may explore easier forex hedging amid RBI curbsThe Reserve Bank of India has implemented fresh regulations that drastically reduce the maximum limit for dollar forward transactions by co...
Rupee stages stunning ₹1 comeback against dollar: What’s the RBI’s 4-step shock therapy and how long can it last?The Indian rupee gained against the US dollar after the Reserve Bank of India announced several intervention measures. These actions aimed ...
RBI's rupee defence may drain banking liquidity, ease currency pressureRBI has introduced measures to curb rupee volatility, which could ease immediate depreciation pressures in the currency market. These measu...
SEBI to issue AI, machine learning guidelines for capital markets soon: ChairmanAddressing the second Capital Market Confluence 2026 organised by the Bombay Stock Exchange Brokers' Forum, Pandey said the AI framework wo...
RBI tightens forex derivative rules: What changes for hedging, cancelled tradesThe RBI has tightened rules for rupee-linked foreign exchange derivatives, restricting the rebooking of cancelled contracts and cutting the...
RBI moves to support rupee at 96.78, cracks down on forex derivativesThe Reserve Bank of India introduced new measures to address the pressure on the rupee. These measures include tightening foreign exchange ...
RBI moves to quell forex reporting confusion, says individuals need not report imports, export earningsThe RBI on Wednesday clarified that individuals are not required to report imports or export earnings under the new foreign exchange regula...