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RBI reverses key forex rules letting banks offer NDFs and rebook trades
Economy
Published on 24 April 2026
The April 1 restriction is now officially off
The RBI has withdrawn its April 1 directive that limited banks from offering non-deliverable forward (NDF) contracts and prohibited rebooking of cancelled foreign exchange derivative trades. The change restores operational flexibility for lenders, enabling a smoother forex derivatives workflow and potentially improving market liquidity for hedging and trading.
- RBI withdraws its April 1 forex derivatives restrictions
- Banks can again offer non-deliverable forward contracts
- Rebooking cancelled FX derivative trades is permitted
- Operational flexibility may improve market liquidity
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times