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The Economic Times

Economy / The Economic Times

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RBI says banks cannot offer NDF contracts as its tightens forex norms

The Reserve Bank of India has tightened foreign exchange rules. Banks can no longer offer non-deliverable forward contracts involving the rupee to clients. This move aims to curb the rupee's decline. The central bank also stopped banks from rebooking cancelled derivative contracts. These new regulations are effective immediately. Bankers believe this makes it harder for banks to manage losses.

1 Apr 2026 9:19 pm