RBI’s February 6 Statement Signals Bold Steps for Financial Markets Evolution
The Reserve Bank of India (RBI) released its Statement on Developmental and Regulatory Policies on February 6, 2026, outlining targeted measures to deepen India’s financial markets. These initiatives focus on bolstering the corporate bond market, enhancing foreign exchange (FX) flexibility for authorised dealers, and refining the Voluntary Retention Route (VRR) for foreign portfolio investors (FPIs).…
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FEMA 2026 Overhaul: Unified Export-Import Rules Simplified
The Reserve Bank of India (RBI) notified the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 (Notification No. FEMA 23(R)/2026-RB dated January 13, 2026), superseding the 2015 export regulations and introducing a unified framework for goods and services exports and imports. Effective from October 1, 2026, these principle-based rules aim to…
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Dirty Float (Managed Float): Meaning, Mechanism, Merits & Risks
A dirty float (also called a managed float) is an exchange rate regime where a currency is largely market-determined but the central bank intervenes from time to time to influence its value. It sits between a hard peg and a pure float and is widely used by emerging and even advanced economies to balance flexibility…
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RBI Issues Draft Circular on Disclosure of Transaction Costs for Forex Transactions
The Reserve Bank of India (RBI) has released a Draft Circular dated December 9, 2025, proposing enhanced transparency measures for foreign exchange (FX) transactions undertaken by retail users. In January 2024, Authorised Dealers (ADs) were mandated to disclose the mid-market mark / bid-ask price for all foreign exchange derivative and foreign currency interest rate derivative…
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UPI–TIPS Interlinkage: Strengthening Cross-Border Instant Payments Between India and the Euro Area
The Reserve Bank of India (RBI)is actively advancing efforts to interlink the **Unified Payments Interface (UPI) with fast payment systems across global jurisdictions to enhance the efficiency of cross-border payments. These initiatives align with the G20 Roadmap for improving cross-border payments, which emphasizes making international transfers cheaper, faster, more transparent, and more accessible. As part…
Credit Guarantee Scheme for Exporters (CGSE): Policy Overview, for the Banking Sector
The Union Cabinet has approved the Credit Guarantee Scheme for Exporters (CGSE), authorising the National Credit Guarantee Trustee Company Limited (NCGTC) to extend 100% credit guarantee coverage to Member Lending Institutions (MLIs) for additional credit facilities of up to ₹20,000 crore to eligible exporters, including those in the MSME segment. The scheme is expected to…
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