{"id":46925,"date":"2026-02-22T18:10:48","date_gmt":"2026-02-22T12:40:48","guid":{"rendered":"https:\/\/edunovations.com\/currentaffairs\/?p=46925"},"modified":"2026-02-22T18:10:50","modified_gmt":"2026-02-22T12:40:50","slug":"rbi-foreign-exchange-reforms-2026","status":"publish","type":"post","link":"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-foreign-exchange-reforms-2026\/","title":{"rendered":"RBI Foreign Exchange Reforms 2026: Draft Directions for Authorised Dealers &amp; Market Liberalisation"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-foreign-exchange-reforms-2026\/#RBI_foreign_exchange_reforms_2026_RBI_releases_draft_directions_for_authorised_dealers_to_expand_hedging_market-making_and_NDDC_transactions_boosting_Indias_forex_market_efficiency\" >RBI foreign exchange reforms 2026: RBI releases draft directions for authorised dealers to expand hedging, market-making, and NDDC transactions, boosting India\u2019s forex market efficiency.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-foreign-exchange-reforms-2026\/#RBI_Releases_Draft_Directions_on_Foreign_Exchange_Dealings_Announces_Major_Regulatory_Reforms\" >RBI Releases Draft Directions on Foreign Exchange Dealings &amp; Announces Major Regulatory Reforms<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-foreign-exchange-reforms-2026\/#Why_This_News_Is_Important_for_Government_Exam_Aspirants\" >Why This News Is Important for Government Exam Aspirants<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-foreign-exchange-reforms-2026\/#Historical_Context_Evolution_of_RBIs_Forex_Regulation\" >Historical Context: Evolution of RBI\u2019s Forex Regulation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-foreign-exchange-reforms-2026\/#Key_Takeaways_from_%E2%80%9CRBI_Releases_Draft_Directions_on_Foreign_Exchange_Dealings_Announces_Major_Regulatory_Reforms%E2%80%9D\" >Key Takeaways from \u201cRBI Releases Draft Directions on Foreign Exchange Dealings &amp; Announces Major Regulatory Reforms\u201d<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-foreign-exchange-reforms-2026\/#FAQs_Frequently_Asked_Questions\" >FAQs: Frequently Asked Questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-foreign-exchange-reforms-2026\/#Some_Important_Current_Affairs_Links\" >Some Important Current Affairs Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"RBI_foreign_exchange_reforms_2026_RBI_releases_draft_directions_for_authorised_dealers_to_expand_hedging_market-making_and_NDDC_transactions_boosting_Indias_forex_market_efficiency\"><\/span>RBI foreign exchange reforms 2026: RBI releases draft directions for authorised dealers to expand hedging, market-making, and NDDC transactions, boosting India\u2019s forex market efficiency.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"RBI_Releases_Draft_Directions_on_Foreign_Exchange_Dealings_Announces_Major_Regulatory_Reforms\"><\/span><strong>RBI Releases Draft Directions on Foreign Exchange Dealings &amp; Announces Major Regulatory Reforms<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The <strong>Reserve Bank of India (RBI)<\/strong> has unveiled a significant set of draft guidelines on <em>Foreign Exchange Dealings of Authorised Persons<\/em>, signaling one of the biggest reforms in India\u2019s foreign exchange regulatory framework in recent years. These draft directions were released on <strong>17 February 2026<\/strong> and invite feedback from stakeholders until <strong>March 10, 2026<\/strong>. The aim is to modernise and liberalise the regulatory framework governing foreign exchange markets \u2014 a key infrastructure of India\u2019s financial ecosystem \u2014 and to bring it in line with international best practices.<\/p>\n\n\n\n<p>Under the current provisions of the <strong>Foreign Exchange Management Act (FEMA), 1999<\/strong>, authorised dealers \u2014 primarily banks and standalone primary dealers \u2014 face several limitations in terms of hedging options, market\u2011making capabilities and access to global trading platforms. These constraints have often restricted Indian banks\u2019 ability to compete with global financial institutions and effectively manage foreign exchange risks. The new draft directions aim to bridge these gaps by rationalising norms and providing greater operational flexibility to market participants.<\/p>\n\n\n\n<p>One of the key proposals in the draft guidelines includes the <strong>expansion of hedging and market\u2011making capabilities<\/strong>. This would allow authorised dealers (ADs) to engage in inter\u2011dealer forex transactions, manage own balance sheet exposures more effectively, and benefit from operational freedoms previously unavailable under existing rules. Additionally, the draft suggests permitting certain foreign currency borrowing and lending transactions directly among authorised dealers, subject to regulatory safeguards.<\/p>\n\n\n\n<p>Another notable reform is the introduction of <strong>Non\u2011Deliverable Derivative Contracts (NDDCs)<\/strong> involving the Indian rupee. These contracts, cash\u2011settled without physical delivery, will help ADs and market participants hedge currency exposures more efficiently. The draft also addresses <strong>electronic trading platform (ETP) integration<\/strong>, allowing authorised dealers to undertake forex derivative contracts on authorised domestic and select overseas electronic trading platforms, provided appropriate regulatory safeguards are in place.<\/p>\n\n\n\n<p>The proposed changes are expected to deepen market liquidity, improve price efficiency, and align India\u2019s foreign exchange trading environment with global markets. They are also expected to enhance competitive parity, empowering Indian banks to offer sophisticated forex services and risk management solutions.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\" id=\"RBI-foreign-exchange-reforms-2026\"><img decoding=\"async\" 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\" alt=\"RBI foreign exchange reforms 2026\" style=\"width:450px;height:auto\" title=\"RBI foreign exchange reforms 2026\"\/><figcaption class=\"wp-element-caption\">RBI foreign exchange reforms 2026<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_This_News_Is_Important_for_Government_Exam_Aspirants\"><\/span><strong>Why This News Is Important for Government Exam Aspirants<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Foreign exchange and regulatory reforms have become pivotal topics for <strong>banking, finance, economic and general awareness sections<\/strong> of competitive exams like <strong>RBI Grade B, SEBI Grade A, UPSC (IAS), SSC CGL and banking PO exams<\/strong>. Understanding the <em>RBI\u2019s draft directions on forex dealings<\/em> equips aspirants with insights into India\u2019s monetary regulatory framework and its adaptation to global market shifts.<\/p>\n\n\n\n<p>The RBI\u2019s initiative reflects the thrust on modernising India\u2019s financial markets and enhancing the operational flexibility of authorised participants. This reform has direct implications for <strong>foreign exchange markets, risk management, liquidity generation and international trade<\/strong>, all of which are core areas in macroeconomics and banking awareness. Moreover, this update aligns with <strong>India\u2019s broader efforts to integrate with global financial systems and promote ease of doing business<\/strong> \u2014 common themes in current affairs sections of competitive exams.<\/p>\n\n\n\n<p>In exam contexts, questions can revolve around <em>the significance of liberalising forex rules, the role of RBI in managing foreign exchange risk<\/em>, and <em>the impact of such reforms on banks and corporate stakeholders<\/em>. Aspirants aiming for positions in <strong>banking, railways, defence finance branches, civil services (especially economics optional), and teaching roles in commerce and economics<\/strong> will find this topic particularly relevant.<\/p>\n\n\n\n<p>These draft directions also highlight how India is updating regulatory mechanisms to support <strong>risk management tools such as derivatives, electronic trading access, and inter\u2011dealer transactions<\/strong> \u2014 areas increasingly tested in advanced finance and banking GK. Understanding the essence and implications of such reforms not only boosts your answer quality but also your analytical abilities \u2014 crucial for higher scoring in descriptive and interview stages.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Historical_Context_Evolution_of_RBIs_Forex_Regulation\"><\/span><strong>Historical Context: Evolution of RBI\u2019s Forex Regulation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>India\u2019s foreign exchange market has undergone a <strong>gradual transformation since the introduction of the Foreign Exchange Management Act (FEMA), 1999<\/strong>. FEMA replaced the earlier Foreign Exchange Regulation Act (FERA) of 1973, shifting the objective from strict regulation and control to <em>management and facilitation<\/em> of foreign exchange. This legislative move was part of India\u2019s 1990s liberalisation reforms aimed at opening up the economy.<\/p>\n\n\n\n<p>Over the years, RBI has progressively introduced reforms to ease forex transaction regulations, improve market infrastructure and expand hedging tools available to market participants. Earlier amendments have focused on <em>merchanting trade transactions, cross\u2011border capital flow facilitation and permitted derivative usage for risk mitigation<\/em>. However, many limits persisted, particularly regarding inter\u2011dealer forex dealings and access to global derivative platforms.<\/p>\n\n\n\n<p>The current draft directions mark a <strong>continuation of this liberalisation trend<\/strong>, aiming to align India\u2019s forex regulatory framework with international best practices. They reflect RBI\u2019s strategic priority to deepen forex market participation, enhance liquidity and improve risk management mechanisms available to authorised dealers. These reforms also echo global moves by central banks to modernise trading infrastructure and embed robust risk controls.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Takeaways_from_%E2%80%9CRBI_Releases_Draft_Directions_on_Foreign_Exchange_Dealings_Announces_Major_Regulatory_Reforms%E2%80%9D\"><\/span><strong>Key Takeaways from \u201cRBI Releases Draft Directions on Foreign Exchange Dealings &amp; Announces Major Regulatory Reforms\u201d<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th><strong>S. No.<\/strong><\/th><th><strong>Key Takeaway<\/strong><\/th><\/tr><\/thead><tbody><tr><td>1<\/td><td>The RBI has released draft directions on foreign exchange dealings for authorised persons, inviting feedback until March 10, 2026.<\/td><\/tr><tr><td>2<\/td><td>The reforms aim to expand hedging and market\u2011making capabilities for authorised dealers.<\/td><\/tr><tr><td>3<\/td><td>Introduction of non\u2011deliverable derivative contracts (NDDCs) for efficient currency risk hedging is proposed.<\/td><\/tr><tr><td>4<\/td><td>Authorised dealers may undertake forex dealing on domestic and select offshore electronic trading platforms, with safeguards.<\/td><\/tr><tr><td>5<\/td><td>The draft framework is poised to deepen foreign exchange market liquidity and improve operational flexibility.<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">RBI foreign exchange reforms 2026<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_Frequently_Asked_Questions\"><\/span><strong>FAQs: Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>1. What are the RBI draft directions on foreign exchange dealings?<\/strong><br>The RBI draft directions outline new guidelines for authorised persons (banks and financial institutions) to expand their foreign exchange operations, including hedging, inter-dealer transactions, and trading on domestic and select offshore electronic platforms.<\/p>\n\n\n\n<p><strong>2. Who are authorised dealers under RBI regulations?<\/strong><br>Authorised dealers are banks and select financial institutions permitted by RBI to deal in foreign exchange, facilitate international trade, and manage currency risk on behalf of clients and themselves.<\/p>\n\n\n\n<p><strong>3. What is the significance of Non-Deliverable Derivative Contracts (NDDCs)?<\/strong><br>NDDCs allow participants to hedge currency risks without the physical delivery of foreign currency, making risk management more efficient and aligned with global best practices.<\/p>\n\n\n\n<p><strong>4. Until when can stakeholders provide feedback on the draft directions?<\/strong><br>Feedback can be submitted by <strong>10 March 2026<\/strong>, after which RBI will finalise the regulatory framework.<\/p>\n\n\n\n<p><strong>5. How will these reforms impact India\u2019s forex market?<\/strong><br>The reforms are expected to enhance market liquidity, improve price efficiency, deepen hedging capabilities, and increase operational flexibility for authorised dealers, aligning India\u2019s forex markets with international standards.<\/p>\n\n\n\n<p><strong>6. Why are these directions important for government exam aspirants?<\/strong><br>Questions on RBI reforms are common in banking, finance, economics, and general awareness sections for exams like <strong>RBI Grade B, UPSC (IAS), SSC, IBPS, and Railways exams<\/strong>. They reflect India\u2019s monetary policy, financial infrastructure, and global integration.<\/p>\n\n\n\n<p><strong>7. What historical regulations did RBI follow before these reforms?<\/strong><br>Earlier, the <strong>Foreign Exchange Management Act (FEMA), 1999<\/strong> governed forex operations, replacing the more restrictive <strong>FERA (Foreign Exchange Regulation Act), 1973<\/strong>. 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RBI Releases Draft Directions on Foreign Exchange Dealings &amp; Announces Major Regulatory Reforms The Reserve Bank of India (RBI) has unveiled a significant set of draft guidelines on Foreign Exchange Dealings&#8230;<\/p>\n","protected":false},"author":6,"featured_media":46958,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,14],"tags":[34393,23361,34396,34394,34395,34392,34397],"class_list":["post-46925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-banking","tag-authorised-dealers-rbi","tag-banking-current-affairs","tag-foreign-exchange-reforms","tag-forex-market-india","tag-nddc-hedging","tag-rbi-draft-directions","tag-rbi-news-2026"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/46925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/comments?post=46925"}],"version-history":[{"count":3,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/46925\/revisions"}],"predecessor-version":[{"id":46959,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/46925\/revisions\/46959"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media\/46958"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media?parent=46925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/categories?post=46925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/tags?post=46925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}