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RBI & FEMA · 13 Oct 2026

RBI bars rebooking of cancelled forex hedges and cuts the no-documents hedging limit to USD 5 million

From 10 October 2026 a forward or other rupee FX derivative cancelled with any bank cannot be rebooked, and hedges without proof of an underlying exposure are capped at USD 5 million (was USD 100 million). Rollovers on maturity are still allowed.

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