RBI Tightens Rupee Hedging Rules: Cancelled Forex Hedges Cannot Be Rebooked
The Reserve Bank of India’s new rules, effective 10 October 2026, prohibit rebooking cancelled rupee FX derivatives, while allowing rollovers at maturity. The RBI has also reduced the limit for hedging without proving underlying exposure to USD 5 million and introduced new requirements to prevent double hedging, alongside a 20% reserve for certain large import hedges.
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