RBI requires banks report offshore rupee derivatives from July 2027
NewsBytes | April 28, 2026 7:41 PM CST
OTC forex reporting 2 working days
Banks now need to report their over-the-counter foreign exchange derivatives within two working days, unless it's a back-to-back trade that's already been reported, a trade with other banks in India or a small deal up to $1 million.
Positions within the $100 million net open limit can stay until they mature, so there's no sudden shake-up for existing deals.
The RBI hopes these steps will make the market clearer and fairer for everyone.
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