{"what_this_is":"The machine-readable twin of the BankPulse page for one RBI rulebook. Same points, same dates, same paragraph references as the page a person reads. RBI's own wording is not reproduced here: each point names the RBI paragraph, the character offset into the text BankPulse read and the sha256 of that text, so the claim can be checked against RBI's own document.","schema_version":1,"release_id":"d653cdb0a5","generated_at":"2026-09-15T00:33:59.117975+00:00","id":"md12427","title":"Master Direction – Foreign Exchange Management (Hedging of Commodity Price Risk  and Freight Risk in Overseas Markets) Directions, 2022 (Updated as on April 15, 2024)","document_kind":"Master Direction","page":"https://bankpulse.ai/rule/md12427","status":"In force","importance":{"code":"MR","label":"MUST READ","weight":"Must read","why":"Foreign money rules and returns, for banks that handle foreign money","layer":"bankpulse_inference"},"applies_to":{"shown":"Banks that handle foreign money","class_code":"AD","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"md12427","mode":"four_dates_v1","published":{"label":"Published","value":"Dec 12, 2022","stated":true,"why":"The day RBI put this document out."},"effective":{"label":"Starts to apply","value":"December 12, 2022","stated":true,"why":"The day this rule starts to apply, as RBI's own text states it."},"transition":{"label":"Time to get ready","value":"None","stated":true,"why":"It starts to apply on the day it was published."},"deadline":{"label":"Last date to act","value":"","stated":false,"why":"No date to act by was found in this document. Other dates may sit inside single paragraphs."},"sources":{"published":"doc_date in data/highlights/md12427.json","effective":"data/date_kinds.json kind=effective_date","transition":"worked out from published and starts-to-apply","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12427","document_date":"Dec 12, 2022","read_by_bankpulse":"2026-08-21 16:28:29 UTC","text_sha256":"550c40ab28b34e8d0ef65a3f9fdbf7f9d29934165027282e9880c35f5d97d42b","word_count":1896,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":36,"points_naming_an_rbi_paragraph":36,"points_stored":36,"actions":0,"amendments":0},"points":[{"n":1,"claim":"md12427-60f18f68","page_group":"Must know","stored_section":"WHO SHOULD ACT","heading":"Misuse must be acted on","plain_english":"The bank must act at once on any irregularity and report it to the Reserve Bank.","rbi_paragraph":"Para 7","rbi_char_offset":9530,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12427#p1","layer":"bankpulse"},{"n":2,"claim":"md12427-1b5ab0bd","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"One year at most","plain_english":"Such a guarantee may run for a maximum period of one year.","rbi_paragraph":"Para 8","rbi_char_offset":9871,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A bank gives a guarantee instead of sending margin money abroad for a client's commodity hedge. 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BankPulse never republishes RBI's exact sentences. Use rbi_paragraph with rbi_source.url to read RBI's own words.","terms":"BankPulse's plain-English summaries are BankPulse's own work. The underlying regulation is the Reserve Bank of India's. Always check the RBI document named in rbi_source before acting."}