NOP-INR Position Circular for Authorised Dealer Banks Issued by RBI

NOP-INR Position Circular for Authorised Dealer Banks Issued by RBI

On June 8, 2026, the Reserve Bank of India released a circular concerning the NOP-INR position for Authorised Dealer Category-I banks. This communication follows previous circulars on the swap facility for FCNR (B) deposits and External Commercial Borrowings.

These directives are designed to provide clear guidelines for banks on managing their Net Open Position in Indian Rupee. The introduction of the US Dollar-Rupee swap facility is also aimed at fortifying these banks' positions by enabling them to better manage currency risks associated with their foreign currency dealings.

Legal professionals advising banks must ensure that their clients understand the implications of this circular. Compliance with the new regulations will be crucial for maintaining sound practices within the banking sector, presenting an opportunity for legal consultants to provide targeted guidance.