MUMBAI, India, Sept. 22 -- Reserve Bank of India issued the following notification:
RBI/2025-26/78
A. P. (DIR Series) Circular No. 10
September 22, 2025
To,
All Authorised Persons
Madam/Sir,
Participation of Standalone Primary Dealers in Non-deliverable Rupee Derivative Markets
Attention of Authorised Persons is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 03, 2000 [Notification no. FEMA.25/RB-2000 dated May 03, 2000], as amended from time to time and the Master Direction - Risk Management and Inter-Bank Dealings dated July 05, 2016, as amended from time to time (hereinafter referred as 'Master Direction').
2. Authorised Dealer Category-I (AD Cat-I) banks in India op...