Open positions of Authorised Dealer Category-I banks · RBI/2026-27/153
RBI notification RBI/2026-27/153 · 23 Jun 2026
Summary
Check the official recordWhat changed
The Reserve Bank of India modifies the calculation of the Net Overnight Open Position for Authorised Dealer Category-I banks. Banks must exclude positions from hedged transactions related to FCNR (B) deposits, External Commercial Borrowings, and Overseas Foreign Currency Borrowings. Banks perform this exclusion when they compute the net overnight open position under the Master Direction – Risk Management and Inter-Bank Dealings. Banks must comply with the provisions of A.P. (DIR Series) Circular No. 24 dated March 27, 2026. These instructions apply to all Authorised Dealer Category-I banks.
What you must do
- Exclude positions from hedged transactions related to FCNR (B) deposits, External Commercial Borrowings, and Overseas Foreign Currency Borrowings when computing the net overnight open position.
Key dates
- Date of issuance
- 23 Jun 2026
Document text
RBI/2026-27/153 A.P. (DIR Series) Circular No.16 June 23, 2026
To,
All Authorised Dealer Category-I Banks
Madam/Sir,
Open positions of Authorised Dealer Category-I banks
Attention of Authorised Dealer Category (AD Cat)-I banks is invited to the A.P. (DIR Series) Circular No. 13 dated June 8, 2026 and the Master Direction – Risk Management and Inter-Bank Dealings dated July 05, 2016, as amended from time to time. Attention of AD Cat-I banks is also invited to circulars FMOD.MAOG.No.S-56/01.06.016/2026-27 dated June 8, 2026 on ‘Swap Facility for FCNR (B) Deposits’ and FMOD.MAOG.No.S-57/01.06.016/2026-27 dated June 8, 2026 on ‘Swap Facility for External Commercial Borrowings and Overseas Foreign Currency Borrowings’.
-
In partial modification of the A.P. (DIR Series) Circular No. 13 dated June 8, 2026 on ‘NOP-INR position of Authorised Dealer Category-I banks’, it has been decided that AD Cat-I banks shall exclude the positions arising out of hedged transactions related to FCNR (B) deposits, External Commercial Borrowings and Overseas Foreign Currency Borrowings raised in terms of the aforesaid circulars, while ensuring compliance with the provisions of the A.P. (DIR Series) Circular No. 24 dated March 27, 2026 and for computation of net overnight open position in terms of the aforesaid Master Direction.
-
The directions contained in this circular have been issued under Sections 10(4), 11(1) and 11(2) of the FEMA, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law.
Yours faithfully,
(Dimple Bhandia) Chief General Manager
Source details
- Source
- Reserve Bank of India
- Type
- notification
- Published by source
- 23 Jun 2026
- Document number
- RBI/2026-27/153
- Coverage area
- banking