On September 24, 2025, the Reserve Bank of India renewed its Statement of Commitment (SoC) to the FX Global Code ("Code"). The Code, established in 2017, comprises global principles promoting integrity and effective function in the wholesale foreign exchange market, developed via partnership with central banks and market participants. The Global Foreign Exchange Committee (GFXC) is responsible for maintaining and updating the Code, having done so in July 2021 and December 2024. Information is available at: https://www.globalfxc.org/. The Press Release number is 2025-2026/1156. Contact Puneet Pancholy, Chief General Manager. The Department of Communication is located at Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001. The Phone number is: 022 - 2266 0502. The Website is: www.rbi.org.in and the email is helpdoc@rbi.org.in.
Key Entities Referenced
FX Global Code: A set of global principles of good practice in the FX market.
Reserve Bank of India: The central bank that renewed its Statement of Commitment (SoC) to the FX Global Code.
Global Foreign Exchange Committee (GFXC): Committee entrusted with the promotion, maintenance and updating the FX Global Code.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
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
September 24, 2025
Reserve Bank renews its Statement of Commitment to the FX Global Code
The Reserve Bank of India has signed its renewed Statement of Commitment
(SoC) to the FX Global Code (“Code”). The Code is a set of global principles of good
practice in the FX market developed to provide a common set of guidelines to
promote the integrity and effective functioning of the wholesale foreign exchange
market. It was developed by a partnership between central banks and market
participants from around the globe and was first published in 2017.
The Global Foreign Exchange Committee (GFXC) is entrusted with the promotion,
maintenance and updating the Code. Accordingly, the GFXC has reviewed and
updated the Code twice, first in July 2021 and more recently in December 2024. The
Code and other related information are available at: https://www.globalfxc.org/.
The Reserve Bank continues to support the principles of good practices within the
Code.
Renewed Statement of Commitment to the FX Global Code
(Puneet Pancholy)
Press Release: 2025-2026/1156 Chief General Manager