MUMBAI, India, Oct. 10 -- Reserve Bank of India issued the following notification: RBI/2026-27/292 A.P. (DIR Series) Circular No. 26 October 10, 2026 To, All Authorised Dealers Madam/Sir, Risk Management and Inter-Bank Dealings - Foreign Exchange Risk Reserve Attention of Authorised Dealers is invited to the Master Direction - Risk Management and Inter-Bank Dealings dated July 05, 2016, as amended from time to time. 2. With a view to ensuring the orderly functioning of the foreign excha...
MUMBAI, India, Oct. 10 -- Reserve Bank of India issued the following notification: RBI/2026-27/291 A.P. (DIR Series) Circular No. 25 October 10, 2026 To, All Authorised Dealers Madam/Sir, Risk Management and Inter-Bank Dealings Attention of Authorised Dealers is invited to the Master Direction - Risk Management and Inter-Bank Dealings dated July 05, 2016, as amended from time to time. 2. In view of evolving market conditions, it has been decided as under: Cancellation and rebooking / r...
MUMBAI, India, Oct. 10 -- Reserve Bank of India issued the following press release: On the basis of assessment of current market conditions, Reserve Bank of India has decided to open a special window to meet the entire daily dollar requirements of three public sector oil marketing companies (OMCs), viz. Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited and Bharat Petroleum Corporation Limited. Under the facility, the Reserve Bank will undertake sale of USD to the public se...
MUMBAI, India, Oct. 10 -- Reserve Bank of India issued the following press release: In view of the evolving conditions and to ensure orderly functioning of the foreign exchange market, the Reserve Bank of India has today issued two circulars - A.P. (DIR Series) Circular No. 25 and A.P. (DIR Series) Circular No. 26 announcing the following regulatory measures. * Restrictions on rebooking of cancelled foreign exchange derivative contracts: Authorised Dealers shall not permit users to rebook an...
NEW DELHI, Oct. 10 -- The Government of India issued the following FEMA circular: RBI/2026-27/292 A.P. (DIR Series) Circular No. 26 October 10, 2026 To, All Authorised Dealers Madam/Sir, Risk Management and Inter-Bank Dealings - Foreign Exchange Risk Reserve Attention of Authorised Dealers is invited to the Master Direction - Risk Management and Inter-Bank Dealings dated July 05, 2016, as amended from time to time. 2. With a view to ensuring the orderly functioning of the foreign exchan...
NEW DELHI, Oct. 10 -- The Government of India issued the following FEMA circular: RBI/2026-27/291 A.P. (DIR Series) Circular No. 25 October 10, 2026 To, All Authorised Dealers Madam/Sir, Risk Management and Inter-Bank Dealings Attention of Authorised Dealers is invited to the Master Direction - Risk Management and Inter-Bank Dealings dated July 05, 2016, as amended from time to time. 2. In view of evolving market conditions, it has been decided as under: Cancellation and rebooking / ro...
India, Oct. 8 -- The Government of India has issued a release: 1. Extending price protection to more cancer medicines Government has approved a cap on the margins charged in the supply and sale of non-scheduled anti-cancer drugs. These margins will be limited to 30% of the Maximum Retail Price (MRP). The measure is expected to reduce medicine prices by up to 70% and help cancer patients save Rs.2,500 crore annually, significantly reducing the amount they pay from their own pockets. Essentia...
India, Oct. 8 -- The Government of India has issued a release: The Prime Minister, Shri Narendra Modi has welcomed the new round of GST reforms approved by the GST Council, describing the recommendations as a significant step towards making the Goods and Services Tax regime simpler, more efficient and citizen-friendly. Shri Modi highlighted the Council's recommendations relating to the removal of arrest provisions, greater decriminalisation and simplification of procedures, noting that these m...
India, Oct. 8 -- The Government of India has issued a release: The Prime Minister, Shri Narendra Modi has expressed gratitude to Prime Minister of the Republic of Trinidad and Tobago, H.E. Kamla Persad-Bissessar for her warm wishes and kind words on completing 25 years of service to the nation as Head of Government. The Prime Minister said that the friendship between India and Trinidad and Tobago continues to scale new heights and expressed confidence that the two countries will strengthen the...
India, Oct. 8 -- The Government of India has issued a release: The Prime Minister, Shri Narendra Modi has expressed gratitude to Prime Minister of Grenada, Mr. Dickon Mitchell for his warm wishes on completing 25 years of service to the nation as Head of Government. The Prime Minister said that he deeply values the friendship between India and Grenada and looked forward to further strengthening the close ties. Shri Modi posted on X; "Thank you, Prime Minister Dickon Mitchell, for your warm w...