RBI Mandates Reporting of INR Forex Derivatives by Related Parties

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:

1. 1. Undertaken globally
   2. 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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