RBI has partially modified its earlier directions on the Net Overnight Open Position (NOP-INR) framework applicable to Authorised Dealer Category-I (AD Cat-I) banks. As per revised norms, banks are permitted to exclude positions arising from hedged transactions relating to FCNR (B) deposits, External Commercial Borrowings (ECBs), and Overseas Foreign Currency Borrowings (OFCBs) while computing their net overnight open position. The relaxation applies only to transactions covered under RBI swap facilities introduced in June 2026.