The Reserve Bank of India (RBI), on February 17, 2026, issued the Draft Directions on Foreign Exchange Dealings of Authorised Persons.
The following has been stated namely: -
• The regulatory framework governing the facilities for Authorised Persons and inter-bank foreign exchange transactions contained in Part A (Section III) and Part C of the Master Direction have been reviewed and refined to provide greater flexibility to Authorised Persons to deal in products and undertake foreign exchange transactions for hedging their exposures, balance sheet management and market-making as well as to ease reporting obligations. The revised instructions are enclosed herewith in Annex I. The format for reporting of net open position limits has also been updated. The revised format is placed at Annex II.
• The comments/feedback may be submitted by email with the subject line “Feedback on Draft Directions on Foreign Exchange Dealings of Authorised Persons” or forwarded to The Chief General Manager, Reserve Bank of India, Financial Markets Regulation Department, 9th Floor, Central Office Building, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001 and or before March 10, 2026.
