NOP-INR position of Authorised Dealer Category-I banks

The Reserve Bank of India (RBI) has allowed Authorised Dealer Category-I (AD Cat-I) banks to exclude swap positions arising from FCNR(B) Deposits, External Commercial Borrowings (ECBs), and Overseas Foreign Currency Borrowings from their Net Open Position (NOP)-INR calculations. This relaxation supports the recently introduced forex swap facilities aimed at attracting foreign currency inflows while ensuring compliance with existing regulatory requirements under FEMA.