In Mumbai, banks are pressing the Reserve Bank of India (RBI) for clarity on recent forex hedge regulations that could adversely affect genuine trade flows. The RBI's directive prohibits corporates from cancelling and rebooking forward contracts, a measure intended to curb speculative practices. However, this has raised concerns among businesses facing delays in payments and cargo movements due to ongoing geopolitical tensions. Banks are advocating for the ability to 'roll over' forward contracts, allowing companies to extend the maturity of existing contracts without facing penalties. This request is driven by the need for flexibility in managing cash flow disruptions. The Foreign Exchange Dealers' Association (FEDAI) is expected to formally communicate these concerns to the RBI. Additionally, large corporates are finding ways to navigate the market by exploiting the gap between onshore and non-deliverable forward (NDF) rates, despite RBI's restrictions on bank access to NDFs. This situation highlights the delicate balance between regulatory measures and the operational realities faced by businesses in a volatile environment.