{"id":1305,"date":"2026-03-27T19:35:00","date_gmt":"2026-03-27T19:35:00","guid":{"rendered":"https:\/\/jbco.co.in\/nop-inr-position-of-authorised-dealers-2\/"},"modified":"2026-03-27T19:35:00","modified_gmt":"2026-03-27T19:35:00","slug":"nop-inr-position-of-authorised-dealers-2","status":"publish","type":"post","link":"https:\/\/jbco.co.in\/?p=1305","title":{"rendered":"NOP-INR position of Authorised Dealers"},"content":{"rendered":"<table width=\"100%\" border=\"0\" align=\"center\" class=\"td\">\n<tr>\n<td>\n<p>RBI\/2025-26\/252<br \/>    A.P. (DIR Series) Circular No. 24<\/p>\n<p align=\"right\">March 27, 2026<\/p>\n<p>To,<br \/>      All Authorised Persons<\/p>\n<p>Madam\/Sir,<\/p>\n<p class=\"head\">NOP-INR position of Authorised Dealers<\/p>\n<p>Attention of Authorised Dealers is invited to the <a href=\"https:\/\/www.rbi.org.in\/Scripts\/BS_ViewMasDirections.aspx?id=10485\" target=\"_blank\" class=\"links\">Master Direction &#8211; Risk Management and Inter-Bank Dealings dated July 05, 2016<\/a>, as amended from time to time. In terms of paragraph A (ii) (a) of Annex I of the Master Direction, the Reserve Bank may prescribe limits for open positions involving Rupee (NOP-INR) for exchange rate management, depending on market conditions.<\/p>\n<p>2. Accordingly, it has now been decided that Authorised Dealers shall ensure that their NOP-INR positions in the onshore deliverable market shall be maintained within US$ 100 million at the end of each business day. Authorised Dealers shall ensure compliance with the above at the earliest but no later than April 10, 2026.<\/p>\n<p>3. 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.<\/p>\n<p align=\"right\">Yours faithfully,<\/p>\n<p align=\"right\">(Dimple Bhandia)<br \/>    Chief General Manager<\/p>\n<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>RBI\/2025-26\/252 A.P. (DIR Series) Circular No. 24 March 27, 2026 To, All Authorised Persons Madam\/Sir, NOP-INR position of Authorised Dealers Attention of Authorised Dealers is invited to the Master Direction &#8211; Risk Management and Inter-Bank Dealings dated July 05, 2016, as amended from time to time. In terms of paragraph A (ii) (a) of Annex [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1305","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/posts\/1305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1305"}],"version-history":[{"count":0,"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/posts\/1305\/revisions"}],"wp:attachment":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}