RBI Mandates USD 100 Million Daily Cap on Rupee Net Open Position:

The Reserve Bank of India has capped the NOP-INR position of Authorised Dealers at USD 100 million.

RBI Revises NOP-INR Limits

Vanshika verma

Mar 28, 2026

Last update on Mar 28, 2026

RBI Mandates USD 100 Million Daily Cap on Rupee Net Open Position The Reserve Bank of India (RBI) on March 27, 2026 recently shared a circular (RBI/2025-26/252) directing Authorised Dealers to maintain their Net Open Position in Rupee (NOP-INR) within a limit of US$100 million at the close of each business day. The RBI issued this direction under Sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42). The Net Open Position (NOP) is a prescribed limit set by the Reserve Bank of India (RBI) to control the foreign exchange risk taken by authorised dealers. It shows the net exposure of a bank to fluctuations in the value of the Indian Rupee against foreign currencies.

RBI has told banks to reduce their dollar positions
Banks can now hold only up to $100 million in dollar-rupee exposure Right now many banks are holding much larger dollar positions They must cut this down by April 10 — RedboxGlobal India (@REDBOXINDIA) March 28, 2026

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Vanshika verma

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Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.