Current Affairs · Banking Regulations & RBI Directives
Consider the following statements regarding the reporting framework for over-the-counter (OTC) foreign exchange (FX) derivatives: I. The Reserve Bank of India (RBI) will implement the reporting framework in phases starting from July 1, 2027. II. AD Cat-I banks must ensure that reported transactions account for at least 70%, 80%, and 90% of the notional value over a staggered period. III. The framework is strictly limited to deliverable OTC foreign exchange derivative contracts involving the rupee. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All I, II, and III
- 2Only I and III
- 3Only II and III
- 4Only I and II✓
Correct answer
Only I and II
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