Foreign Exchange Control Manual, Annexure, Guidelines for Foreign Exchange Exposure Limits of Authorised Dealers. ANNEXURE Guidelines for Foreign Exchange Exposure Limits of Authorised Dealers [Paragraph 5B.1(i)] Coverage For banks incorporated in India, the exposure limits fixed by the Management should be the aggregate for all branches including their overseas branches. For foreign banks, the limits will cover only their branches in India. Capital Capital refers to Tier I capital as per instructions issued by Reserve Bank of India (Department of Banking Operations and Development). Calculation of the Net Open Position in a Single Currency The open position must first be measured separately for each foreign currency. The open position in a currency is the sum of (a) the net spot position, (b) the net forward position and (c) the net options position. Net Spot Position The net spot position is the difference between foreign currency assets and the liabilities in the balance sheet. This should include all accrued income/expenses. Net Forward Position This represents the net of all amounts to be received less all amounts to be paid in the future as a result of foreign exchange transactions which have been concluded. These transactions which are recorded as off-balance sheet items in the bank's books would include: spot transactions which are not yet settled; forward transactions; guarantees and similar commitments denominated in foreign currencies which are certain to be called; net of amounts to be received/paid in respect of currency futures, and the principal on currency futures/swaps. Options Position The options position is the 'delta-equivalent' spot currency position as reflected in the authorised dealer's options risk management system, and includes any delta hedges in place which have not already been included under 3(a) or 3(b)(i) and (ii). For the present this is relevant for foreign branches of Indian banks. Calculation of the Overall Net Open Position This involves measurement of risks inherent in a bank's mix of long and short position in different currencies. It has been decided to adopt the 'shorthand method' which is accepted internationally for arriving at the overall net open position. Banks may, therefore, calculate the overall net open position as follows: Calculate the net open position in each currency (paragraph 3 above). Convert the net position into rupees at the FEDAI indicative spot rates for the day. Arrive at the sum of all the net short positions. Arrive at the sum of all the net long positions. Overall net foreign exchange position is the higher of (iii) and (iv). The overall net foreign exchange position arrived at as above must be kept within the limit approved by Reserve Bank. Capital Requirement As prescribed by Reserve Bank from time to time.
Get Sample Now Which service(s) are you interested in? Export Data Import Data Both Buyers Suppliers Both OR Exim Help 4 + 7 Exim News Date: 29-03-2025 India’s forex reserves rise by $4.53 billion as RBI continues dollar buys Date: 29-03-2025 India, US to hold wrap-up session on Saturday on proposed trade pact; talks in early stages: Sources Date: 29-03-2025 India's efforts, opinion receiving importance today like never before: PM Modi Date: 29-03-2025 Imports are finally working: After buying from Brazil, Türkiye, and South Korea, egg prices in the U Date: 26-03-2025 US says it brokered safe shipping in Black Sea in talks with Ukraine, Russia Date: 26-03-2025 Ukraine's Zelenskiy says Russia already manipulating accords brokered by US Date: 26-03-2025 Is the auto sector a buy or avoid right now? Amnish Aggarwal weighs in Date: 24-03-2025 India says quashing Volkswagen's $1.4 billion tax bill would be 'catastrophic' Date: 24-03-2025 US tariffs come with a silver lining for India's self-reliance, local production boost Date: 24-03-2025 Billion-dollar US levies on Chinese ships risk ‘trade apocalypse’ What is New? Date: 27-03-2025 NOTIFICATION No. 11/2025–Central Tax Seeks to notify Central Goods and Services Tax (Second Amendment) Rules 2025 Date: 13-03-2025 Notification No. 10/2025 – Central Tax Seeks to amend notification No. 02/2017-Central Tax. Date: 28-02-2025 Notification No. 12/2025-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg. Date: 14-02-2025 Notification No. 10/2025-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg. Date: 13-02-2025 Notification No. 14/2025-Customs Seeks to amend Notification 11/2021-Customs dated 01.02.2021 to amend AIDC rate on Bourbon whiskey Date: 11-02-2025 NOTIFICATION No. 09/2025–Central Tax Seeks to bring rules 2, 8, 24, 27, 32, 37, 38 of the CGST (Amendment) Rules, 2024 in to force Date: 03-02-2025 [F. No. CBIC-190354/236/2021-TRU] Corrigendum to Notification No. 50 of 2024 Customs, dated the 30th December, 2024. Date: 01-02-2025 Notification No. 13/2025-Customs Seeks to further amend notification No. 153/94-Customs dated the 13 th July, 1994. Date: 01-02-2025 Notification No. 12/2025-Customs Seeks to further amend notification No. 19/2019 dated 06 th July 2019. Date: 01-02-2025 Notification No. 11/2025 – Customs Seeks to further amend notification No. 25/2002-Customs, dated the 1st March, 2002 so as to add capital goods to the already existing list of capital goods exempted from basic customs duty for manufacture of lithium-ion battery of mobile phones and electrically operated vehicles.
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