The Reserve Bank of India (RBI) has released draft directions on foreign exchange dealings by authorised persons. Issued on February 17, 2026, the draft aims to streamline compliance, enhance transparency, and strengthen risk management in India’s forex market. Stakeholders are invited to provide feedback before final implementation.
The Reserve Bank of India (RBI) has published draft directions governing foreign exchange dealings of authorised persons, including banks and financial institutions permitted to handle forex transactions. Released on February 17, 2026, the draft guidelines are part of RBI’s broader regulatory push to modernize India’s financial markets and ensure adherence to global best practices.
The directions outline compliance requirements, operational standards, and reporting obligations for authorised persons. They aim to reduce irregularities, improve transparency, and strengthen India’s position as a globally competitive financial hub. RBI has invited public and industry feedback before finalizing the framework, reinforcing its consultative approach to regulatory reforms.
Key Highlights
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Draft Release Date: February 17, 2026
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Scope: Foreign exchange dealings by authorised persons (banks, financial institutions)
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Objective: Enhance compliance, transparency, and risk management in forex transactions
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Consultation: Stakeholders invited to provide feedback before final implementation
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Strategic Context: Aligns with RBI’s broader reforms to deepen India’s financial markets
This initiative underscores RBI’s commitment to balancing regulatory oversight with market development, ensuring India’s forex ecosystem remains robust, transparent, and globally aligned.
Sources: Reserve Bank of India Notifications, Public Technologies