Press Release: 2026-2027/152, Dated 27.04.2026
The Reserve Bank of India (RBI) has issued final directions on reporting instructions for Authorised Dealer (AD) Category-I banks, after considering stakeholder feedback on the draft dated February 16, 2026.
1. Objective of the Directions
The framework aims to:
- Enhance transparency in the foreign exchange (forex) derivatives market
- Strengthen regulatory oversight and data visibility
- Enable better risk monitoring across group structures
2. Mandatory Reporting to CCIL
AD Category-I banks are required to report INR foreign exchange derivative transactions to clearing Corporation of India Ltd. trade repository
3. Scope of Reporting
- Covers INR-based FX derivative transactions
- Includes transactions:
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- Undertaken globally
- By related parties of the bank
4. Focus on Group-Level Transparency
The inclusion of related party transactions across jurisdictions ensures:
- A holistic view of exposures
- Better identification of systemic and concentration risks
5. Regulatory Impact
The directions are expected to:
- Improve data aggregation and market intelligence
- Strengthen risk management frameworks
- Align with global practices on trade repository reporting
6. Conclusion
The final directions mark a significant step towards centralised reporting and enhanced transparency in the forex derivatives market, ensuring that RBI has comprehensive visibility over INR-linked exposures across global operations.
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