{"id":223983,"date":"2020-01-08T15:30:41","date_gmt":"2020-01-08T10:00:41","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=223983"},"modified":"2020-01-10T12:53:18","modified_gmt":"2020-01-10T07:23:18","slug":"trading-beyond-onshore-market-hours-in-foreign-exchange-permitted-rbi","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/08\/trading-beyond-onshore-market-hours-in-foreign-exchange-permitted-rbi\/","title":{"rendered":"Trading beyond onshore market hours in foreign exchange permitted &#8212; RBI"},"content":{"rendered":"<p style=\"text-align: center;\"><span style=\"color: #800080;\"><b>Risk Management and Inter-bank Dealings- Permitting AD Cat-I banks to voluntarily undertake user and Inter-Bank transactions beyond onshore market hours<\/b><\/span><\/p>\n<p style=\"text-align: justify;\">As announced in the\u00a0<a class=\"links\" href=\"https:\/\/www.rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=48318\" target=\"_blank\" rel=\"noopener noreferrer\">Statement of Developmental and Regulatory Policies dated October 04, 2019<\/a>,\u00a0it has been decided to accept the recommendation of the Task Force on Offshore Rupee Market to permit AD Cat-I banks to offer foreign exchange prices to users at all times, out of their Indian books, either by a domestic sales team or through their overseas branches.<\/p>\n<p style=\"text-align: justify;\">Accordingly, the following section is being added in Part C (Inter-Bank Foreign Exchange Dealings) of the <a class=\"links\" href=\"https:\/\/www.rbi.org.in\/Scripts\/BS_ViewMasDirections.aspx?id=10485\" target=\"_blank\" rel=\"noopener noreferrer\">Master Direction- Risk Management and Inter-Bank Dealings<\/a>:<\/p>\n<h4 class=\"head\" style=\"text-align: justify;\"><span style=\"color: #008000;\"><strong>\u201c6. Customer and inter-bank transactions beyond onshore market hours<\/strong><\/span><\/h4>\n<p style=\"text-align: justify;\">Authorised dealers may undertake customers (person resident in India and persons resident outside India) and inter-bank transactions beyond onshore market hours. Transactions with person resident outside India, through their foreign branches and subsidiaries, may also be undertaken beyond onshore market hours.\u201d<\/p>\n<hr \/>\n<p><strong>Reserve Bank of India<\/strong><\/p>\n<p style=\"text-align: right;\"><strong>[Circular dt. 06-01-2020]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Risk Management and Inter-bank Dealings- Permitting AD Cat-I banks to voluntarily undertake user and Inter-Bank transactions beyond onshore market hours As announced <\/p>\n","protected":false},"author":8808,"featured_media":108551,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[30085,39175,39174,29477],"class_list":["post-223983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications","tag-foreign-exchange","tag-inter-bank-transactions","tag-market-hours","tag-trading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trading beyond onshore market hours in foreign exchange permitted -- RBI | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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