Section 65: Dealing in Foreign Exchanges

1) The Bank may purchase and sell foreign exchange, gold and precious metals.

2) The purchase and sale to be made by the Bank under sub-section (1) shall be effected through the spot, advanced exchange rate, swap, option or similar types of other instruments, cash or negotiable instruments.

3) The Bank may, for the purpose of sub-section (1) of Section 66, purchase or sell foreign exchange. It may also affect purchases and sales based on spot, forward, or similar exchange rates, as well as swaps, options, or other types of instruments.

4) The Bank shall deal in foreign exchange after fixing its buying and selling rates. The basis, limitations and conditions of such dealing shall be as prescribed by the Bank.