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Corporate Laws Central Ministry of Finance Foreign Exchange Management Act, 1999

Amendment to Master Direction - Risk Management and Inter-Bank Dealings

03-May-2024 | RBI/2024-25/32 A. P. (DIR Series) Circular No. 04

RBI has issued a circular for amendment in Master Direction - Risk Management and Inter-Bank Dealings. By virtue of the circular, following amendments has been made :- 1. Para (i) of Part E shall be substituted - As per the revised proviso, Head/Principal Office of each Authorised Dealer should submit daily statements of Foreign Exchange Turnover in Form FTD and Gaps, Position and Cash Balances in Form GPB through the Centralised Information Management System (CIMS) in Annex-II by the following working day. 2. Para (iv) of Part E shall be substituted - As per the revised proviso, Authorised Dealers should forward details of exposures in foreign exchange as at the end of every quarter in Annex-V through CIMS by the 30th of the month following the end of the quarter. 3. Para (v) of Part E shall be substituted - As per the revised proviso, Authorised Dealers should forward details of option transactions (FCY-INR) undertaken on a weekly basis as per the format given in Annex VIII through CIMS / email by the first working day of the following week. For more information, please refer the attachment.

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