EconomyFriday, 1 May 2026·https://testbook.com/current-affairs/01-may-2026-daily-current-affairs
RBI to phase in OTC FX derivatives reporting from July 2027
The RBI will introduce a phased reporting framework for rupee-linked OTC foreign exchange derivatives from 1 July 2027.
Key highlights
Direct fact
From 1 July 2027, the Reserve Bank of India (RBI) will implement a phased reporting framework for over-the-counter (OTC) foreign exchange derivatives involving the Rupee, applicable to Authorised Dealer Category-I banks.
Key specifics
- Implementation starts on 1 July 2027.
- Applies to Authorised Dealer Category-I (AD Cat-I) banks.
- Covers deliverable and non-deliverable OTC FX derivative contracts involving the Rupee.
- Reporting thresholds are 70%, 80% and 90% across three phases.
- RBI was established on 1 April 1935 under the RBI Act, 1934.
Exam lens
Question type: banking regulation and monetary policy, RBI, 1 July 2027, AD Cat-I, 70-80-90%; TNPSC may ask which entities are covered and what the phased reporting thresholds are.