RBI releases draft Directions on Reporting Instructions for Authorised Dealer Category – I Banks

प्रेस प्रकाशनी PRESS RELEASE भारतीय ररज़र्व ब ैंक RESERVE BANK OF INDIA वेबसाइट : www.rbi.org.in/hindi संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001

Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502 February 16, 2026 RBI releases draft Directions on Reporting Instructions for Authorised Dealer Category – I Banks The Reserve Bank of India has today released the draft Directions on Reporting Instructions for Authorised Dealer Category – I Banks. Comments on the draft Directions are invited from market participants, stakeholders and other interested parties by March 09, 2026.

The comments / feedback may be submitted by email with the subject line “Feedback on Draft Directions on Reporting Instructions for Authorised Dealer Category – I Banks” 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 Background The Reserve Bank has been taking several measures to enhance transparency in the markets for over the counter (OTC) foreign exchange, interest rate and credit derivatives. As part of these measures, all transactions in OTC derivatives are reported to the trade repository (TR) of the Clearing Corporation of India Limited

(CCIL) by market-makers. There is, however, an element of non-transparency because the sizeable number of offshore Rupee derivative transactions are not reported and therefore, not available to market participants. This shortcoming was partly addressed when standalone primary dealers were required to report all Rupee derivative transactions undertaken globally by their related parties in October 2022.

Further, banks in India were required to report all Rupee interest rate derivative transactions undertaken globally by their related parties in December 2025. Carrying this process of enhancing transparency of Rupee derivative markets, it is now proposed that all Authorised Dealer Category – I banks shall report foreign exchange derivative transactions involving INR undertaken by their related parties globally. The resultant transparency shall enable better pricing decisions by market participants.

Draft Directions for the same are being issued for soliciting public feedback. (Brij Raj)

Press Release: 2025-2026/2124 Chief General Manager