The Reserve Bank of India has issued draft Directions on foreign exchange dealings of authorised persons and opened them for public consultation, with comments invited from market participants and other stakeholders by March 10, 2026. The draft Directions follow a review of the regulations governing facilities for Authorised Dealers in the foreign exchange market, aimed at giving them greater flexibility in the use of foreign exchange products, risk management and platforms. The consultation implements an initiative flagged in the Reserve Bank’s Statement on Developmental and Regulatory Policies dated February 06, 2026.
Reserve Bank of India 2026-02-17
Reserve Bank of India launches consultation on draft Directions for authorised persons’ foreign exchange dealings
The Reserve Bank of India has released draft Directions on foreign exchange dealings for authorised persons, inviting public consultation. The draft aims to provide Authorised Dealers with greater flexibility in using foreign exchange products, risk management, and platforms. This initiative follows the Reserve Bank's recent Statement on Developmental and Regulatory Policies.