New Delhi, Jan. 17 -- The Reserve Bank of India overhauled decade-old foreign exchange rules, bringing exports and imports of goods and services under a unified regulation to simplify procedures, ease compliance for smaller exporters, and strengthen monitoring through digital systems.

The new Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 (Fema), notified on 13 January and set to come into force after nine months in October 2026, supersede the 2015 export regulations. The RBI released the order on Friday.

The overhaul follows two rounds of public consultation and nearly two years of deliberation. Given the well-developed foreign trade policy, customs laws and other sector-specific rules, the RBI ...