DBC 2500 - FEDAI

 

The Banking Tutor

  Daily Banking Concept

No. 2500                                            19-07-2026

 

Foreign Exchange Dealer’s Association of India (FEDAI)

The FEDAI is a self-regulating organization (SRO) that formulates rules around Indian interbank forex dealings. Some core functions of the FEDAI include advising and supporting member banks, representing member banks on the Reserve Bank of India (RBI), and announcing rates to member banks.