TaxTMI 
TaxTMI 
RBI releases Draft Circular on Disclosure of Transaction Cost for Foreign Exchange Transactions
X X X X Extracts X X X X
X X X X Extracts X X X X
....BI releases Draft Circular on Disclosure of Transaction Cost for Foreign Exchange Transactions<BR>FEMA & RBI<BR>Dated:- 10-12-2025<BR><BR>The Reserve Bank of India today placed on its website the Draft Circular on Disclosure of Transaction Cost for Foreign Exchange Transactions. Comments on the draft circular are invited from banks, market participants and other interested parties by January ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....09, 2026. Feedback on the draft circular may be forwarded to: The Chief General Manager Reserve Bank of India Financial Markets Regulation Department 9th Floor, Central Office Building Shahid Bhagat Singh Marg, Fort Mumbai - 400 001 Or by email with subject line "Feedback on Draft Circular on Disclosure of Transaction Cost for Foreign Exchange Transactions". Background and Objec....
X X X X Extracts X X X X
X X X X Extracts X X X X
....tive To enhance transparency in the foreign exchange market, in January 2024, Authorised Dealers were mandated to provide the mid-market mark / bid and ask price of the foreign exchange derivative contract / foreign currency interest rate derivative contract before entering into the contract with a retail user and include the same in the deal confirmation / term sheet. As a further step towards p....
X X X X Extracts X X X X
X X X X Extracts X X X X
....romoting greater transparency in the foreign exchange market, it is proposed to mandate Authorised Dealers to provide the details of transaction cost (remittance fees, foreign exchange rate, currency conversion charges etc.), associated with foreign exchange cash, foreign exchange tom and foreign exchange spot contracts offered to retail users. (Brij Raj) ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Chief General Manager<BR> News - Press release - PIB....