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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: 30-07-2015
Customs Notification No. 41/ 2015
Seeks to amend Notification No.49/2013-Customs dated 29.11.2013.

Date: 30-07-2015
Customs Notification No. 42/ 2015
Seeks to further amend Notification No.39/96-Customs dated 23.7.1996.

Date: 28-07-2015
DGFT Notification No 16/ 2015-2020
Amendment in export policy of sawn timber-addition of ports for export to Nepal.

Date: 28-07-2015
Notification No. 34/2015-Customs (ADD)
Seeks to levy definitive anti-dumping duty on imports of Compact Fluorescent Lamps (CFL), originating in or exported from the People's Republic of China for a period of five years.

Date: 24-07-2015
Customs Notification No 70/2015 (NT)
Appointment of Common Adjudicating Authority

Date: 24-07-2015
Customs Notification No 71/2015 (NT)
Appointment of Common Adjudicating Authority

Date: 23-07-2015
Customs Notification No 69/2015 (NT)
Tariff Notification in respect of fixation of T V of Edible oil, Brass, Poppy seed, Areca nut, gold and Sliver

Date: 21-07-2015
Central Excise Circular No. 1005/12/2015-CX
Clarification relating to notifications No.30/2004-Central Excise dated 09.07.2004, No.1/2011-Central Excise dated 01.03.2011 and No.12/2012-Central Excise dated 17.03.2012, as amended

Date: 21-07-2015
Customs Notification No. 40/ 2015
Regarding Exemption for customs duty on cut and polished diamonds imported by specified agencies in FTP

Date: 21-07-2015
Central Excise Notification No 37/2015
Seeks to further amend notification No.30/2004-Central Excise dated 9.7.2004



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