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RBI Cracks Down on INR NDFs and FX Rebooking-Update

  • Legal Updates
RBI Cracks Down on INR NDFs and FX Rebooking-Update
Yesterday an update – RBI Cracks Down on INR NDFs and FX Rebooking was circulated.

RBI later clarified that the restrictions on rebooking of cancelled contracts and related‑party transactions are triggered only where the transactions involve INR.

For further details, please see:

Risk Management and Inter-Bank Dealings (Revised) 

For any queries/clarifications, please feel free to ping us and we will be happy to chat:

Smrithi Nair ,Mahak saboo & Kshemya Nair

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