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FEDAI Guidelines for Foreign Exchange.


Established in 1958, FEDAI (Foreign Exchange Dealers' Association of India) is a group of banks that deals in foreign exchange in India as a self regulatory body under the Section 25 of the Indian Company Act (1956).

The role and responsibilities of FEDAI are as follows:

  • Formulations of FEDAI guidelines and FEDAI rules for Forex business.
  • Training of bank personnel in the areas of Foreign Exchange Business.
  • Accreditation of Forex Brokers.
  • Advising/Assisting member banks in settling issues/matters in their dealings.
  • Represent member banks on Government/Reserve Bank of India and other bodies.
  • Rules of FEDAI also include announcement of daily and periodical rates to its member banks.

FEDAI guidelines play an important role in the functioning of the markets and work in close coordination with Reserve Bank of India (RBI), other organizations like Fixed Income Money Market and Derivatives Association  (FIMMDA), the Forex Association of India and various other market participants.

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What is New?

Date: 22-05-2015
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Date: 22-05-2015
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Seeks to levy definitive anti-dumping duty on imports of Cast Aluminium Alloy Wheels or Alloy Road Wheels , originating in or exported from People’s Republic of China, Korea RP and Thailand for a period of five years from the date of imposition of the provisional anti-dumping duty, that is, 11th April, 2014.

Date: 22-05-2015
Notification No. 22/2015-Customs (ADD)
Seeks to levy definitive anti-dumping duty on imports of USB Flash Drives', originating in, or exported from, People's Republic of China and Chinese Taipei for a period of five years.

Date: 21-05-2015
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Rupee Drawing Arrangement - Increase in trade related remittance limit

Date: 21-05-2015
Customs Notification No 47/2015 (NT)
Rate of exchange of conversion of the foreign currency with effect from 22nd May, 2015

Date: 21-05-2015
RBI/2014-15/608 A. P. (DIR Series) Circular No. 103
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Date: 20-05-2015
Customs Notification No. 19/2015-Customs (ADD)
Seeks to levy definitive anti-dumping duty on imports of Sodium Citrate, originating in or exported from China PR for a period of five years.

Date: 20-05-2015
DGFT Notification No 07/ 2015-2020
Amendment in import policy of fuels, incidental to the import of ship for ship breaking, under Chapter 27 of ITC (HS), 2012 Schedule 1 (Import Policy).

Date: 19-05-2015
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Seeks to amend notification No. 26/2012- ST, dated the 20th June, 2012