<h1>RBI draft requires disclosure of transaction costs for retail foreign exchange transactions; comments due by Jan 9, 2026.</h1> The draft circular proposes that authorised dealers must disclose itemised transaction cost components-including remittance fees, the foreign exchange rate used and currency conversion charges-for foreign exchange cash, tom and spot contracts sold to retail users, building on prior requirements to provide mid market bid/ask prices in deal confirmations and term sheets.