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RBI's Bold Move: Banks Must Report Offshore ₹-Fx Deals

RBI's Bold Move: Banks Must Report Offshore ₹-Fx Deals

Folks, the Reserve Bank of India is making waves! They just announced draft rules for banks to report foreign exchange deals involving the rupee. If you're an AD Cat-I bank, get ready to spill the beans by March 9, 2026! This is going to be huge, folks! Everyone's talking about it, believe me!

Quick rundown

  1. RBI issues draft directions for AD Cat-I banks.
  2. Banks must report rupee derivatives globally.
  3. Phased implementation for reporting thresholds.
  4. Excludes exchange-traded derivatives and small contracts.
  5. Comments on draft invited until March 9, 2026.

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