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Index to RBI Circulars

Circular Number Date Of Issue Department Subject Meant For
RBI/2024-25/117 FMRD.DIRD.01/14.01.023/2024-25 08.05.2024 Financial Markets Regulation Department Master Direction – Reserve Bank of India (Margining for Non-Centrally Cleared OTC Derivatives) Directions, 2024 All eligible market participants
RBI/2024-25/34 A. P. (DIR Series) Circular No.05 08.05.2024 Financial Markets Regulation Department Margin for Derivative Contracts The Authorised Dealers
RBI/2024-25/27 A.P. (DIR Series) Circular No. 03    26.04.2024 Financial Markets Regulation Department Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs) All Authorized Persons
RBI/2024-25/25 A.P. (DIR Series) Circular No.02 24.04.2024 Financial Markets Regulation Department Unauthorised foreign exchange transactions The Authorised Dealer Category – I Banks
RBI/2024-25/17 A. P. (DIR Series) Circular No. 01 15.04.2024 Financial Markets Regulation Department Hedging of Gold Price Risk in Overseas Markets All Authorised Dealer Category - I Banks
RBI/2023-2024/108 A. P. (DIR Series) Circular No. 13    05.01.2024 Financial Markets Regulation Department Risk Management and Inter-Bank Dealings – Hedging of foreign exchange risk Authorised Persons
RBI/2023-24/109 FMRD.DIRD.09/14.02.001/2023-24 03.01.2024 Financial Markets Regulation Department Master Direction – Reserve Bank of India (Commercial Paper and Non-Convertible Debentures of original or initial maturity upto one year) Directions, 2024 All Eligible Market Participants
RBI/2023-2024/98 FMRD.FMSD.07/03.07.35/2023-24 28.12.2023 Financial Markets Regulation Department Reserve Bank of India (Financial Benchmark Administrators) Directions, 2023  All eligible market participants
RBI/2023-2024/97 FMRD.DIRD.No.05/14.03.061/2023-2024   27.12.2023 Financial Markets Regulation Department Reserve Bank of India (Government Securities Lending) Directions, 2023 All participants in Government Securities market
RBI/2023-2024/81 FMRD.FMSD.04/14.01.006/2023-24 08.11.2023 Financial Markets Regulation Department ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities – Inclusion of Sovereign Green Bonds All the Financial Benchmark Administrators
RBI/2023-2024/36 A. P. (DIR Series) Circular No. 05 06.06.2023 Financial Markets Regulation Department Risk Management and Inter-Bank Dealings - Non-deliverable derivative contracts (NDDCs) All Authorised Dealer Category - I Banks
RBI/2022-2023/94 Circular No. 20 12.12.2022 Financial Markets Regulation Department Master Direction - Foreign Exchange Management (Hedging of Commodity Price Risk and Freight Risk in Overseas Markets) Directions, 2022 (Updated as on April 15, 2024) All Authorised Dealer Category - I Banks
RBI/2022-2023/28 A.P.(DIR Series) Circular No.01 19.04.2022 Financial Markets Regulation Department Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs) All Authorized Persons
RBI/2021-2022/156 A.P. (DIR Series) Circular No. 22 10.02.2022 Financial Markets Regulation Department ‘Voluntary Retention Route’ (VRR) for Foreign Portfolio Investors (FPIs) investment in debt To All Authorized Persons
RBI/2021-2022/155 A.P. (DIR Series) Circular No. 23 10.02.2022 Financial Markets Regulation Department Transactions in Credit Default Swap (CDS) by Foreign Portfolio Investors - Operational Instructions All Authorised Persons
RBI/2021-2022/130 A.P. (DIR Series) Circular No.18 16.11.2021 Financial Markets Regulation Department Regulations Review Authority (RRA 2.0) - Interim Recommendations - Withdrawal of Circular All Authorised Persons
RBI/2021-2022/120 A.P. (DIR Series) Circular No. 16 08.11.2021 Financial Markets Regulation Department Investment by Foreign Portfolio Investors (FPIs) in Debt - Review All Authorised Persons
RBI/2021-2022/48 A.P. (DIR Series) Circular No.06 04.06.2021 Financial Markets Regulation Department Payment of margins for transactions in Government Securities by Foreign Portfolio Investors All Authorised Persons
RBI/2021-2022/44 A.P.(DIR Series) Circular No. 05 31.05.2021 Financial Markets Regulation Department Investment by Foreign Portfolio Investors (FPI) in Government Securities: Medium Term Framework (MTF) All Authorized Persons
RBI/2020-2021/116 A.P. (DIR Series) Circular No. 14 31.03.2021 Financial Markets Regulation Department Investment by Foreign Portfolio Investors (FPI): Investment limits All Authorized Persons
RBI/2020-2021/105 A.P. (DIR Series) Circular No. 12 26.02.2021 Financial Markets Regulation Department Investment by Foreign Portfolio Investors (FPI) in Defaulted Bonds - Relaxations All Authorised persons
No. FEMA.399/RB-2020 23.10.2020 Financial Markets Regulation Department Foreign Exchange Management (Margin for Derivative Contracts) Regulations, 2020
RBI/2019-2020/239 A.P.(DIR Series) Circular No.32 22.05.2020 Financial Markets Regulation Department ‘Voluntary Retention Route’ (VRR) for Foreign Portfolio Investors (FPIs) investment in debt - relaxations All Authorised persons
RBI/2019-2020/232 A.P.(DIR Series) Circular No.31 18.05.2020 Financial Markets Regulation Department Risk Management and Inter-bank Dealings - Hedging of Foreign Exchange Risk-Date of Implementation Authorised Dealers Category - I
RBI/2019-2020/214 A.P. (DIR Series) Circular No. 30 15.04.2020 Financial Markets Regulation Department Investment by Foreign Portfolio Investors (FPI) in Government Securities: Medium Term Framework (MTF) All Authorized Persons
RBI/2019-2020/210 A.P.(DIR Series) Circular No. 29 07.04.2020 Financial Markets Regulation Department Risk Management and Inter-bank Dealings - Hedging of foreign exchange risk Authorised Dealers Category - I
RBI/2019-2020/200 A.P. (DIR Series) Circular No. 25 30.03.2020 Financial Markets Regulation Department ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities All Authorized Persons
RBI/2019-2020/199 A.P.(DIR Series) Circular No. 24 30.03.2020 Financial Markets Regulation Department Investment by Foreign Portfolio Investors (FPI): Investment limits All Authorized Persons
RBI/2019-2020/193 A.P. (DIR Series) Circular No.23 27.03.2020 Financial Markets Regulation Department Risk Management and Inter-bank Dealings- Participation of Banks in Offshore Non-deliverable Rupee Derivative Markets All Authorised Dealer Category-I Banks
RBI/2019-2020/151 A.P. (DIR Series) Circular No.19 23.01.2020 Financial Markets Regulation Department ‘Voluntary Retention Route’ (VRR) for Foreign Portfolio Investors (FPIs) investment in debt - relaxations All Authorised persons
RBI/2019-2020/150 A.P. (DIR Series) Circular No.18 23.01.2020 Financial Markets Regulation Department Investment by Foreign Portfolio Investors (FPI) in Debt All Authorised persons
RBI/2019-2020/145 A.P. (DIR Series) Circular No.17 20.01.2020 Financial Markets Regulation Department Introduction of Rupee derivatives at International Financial Services Centres (IFSC) All Authorised Dealers
RBI/2019-2020/143 A.P. (DIR Series) Circular No. 16 15.01.2020 Financial Markets Regulation Department Hedging of Commodity Price Risk and Freight Risk in Overseas Markets (Reserve Bank) Directions, 2018 - Amendment All Authorised Dealer Category - I Banks
RBI/2019-2020/136 A.P. (DIR Series) Circular No. 15 06.01.2020 Financial Markets Regulation Department Risk Management and Inter-bank Dealings- Permitting AD Cat-I banks to voluntarily undertake user and Inter-Bank transactions beyond onshore market hours All Authorised Dealers Category-I
No. FEMA 396/2019-RB 17.10.2019 Financial Markets Regulation Department Foreign Exchange Management (Debt Instruments) Regulations, 2019
RBI/2018-2019/187 A.P. (DIR Series) Circular No.34 24.05.2019 Financial Markets Regulation Department ‘Voluntary Retention Route’ (VRR) for Foreign Portfolio Investors (FPIs) investment in debt (Updated up to January 23, 2020) All Authorized Persons
RBI/2018-2019/176 A.P. (DIR Series) Circular No. 33 25.04.2019 Financial Markets Regulation Department Investment by Foreign Portfolio Investors (FPI) in Debt - Review All Authorised Persons
RBI/2018-2019/152 A.P. (DIR Series) Circular No. 26 27.03.2019 Financial Markets Regulation Department Investment by Foreign Portfolio Investors (FPI) in Government Securities Medium Term Framework All Authorised Persons
RBI/2018-2019/135 A.P. (DIR Series) Circular No. 21 01.03.2019 Financial Markets Regulation Department ‘Voluntary Retention Route’ (VRR) for Foreign Portfolio Investors (FPIs) investment in debt All Authorized Persons
RBI/2018-2019/136 A.P. (DIR Series) Circular No. 22 01.03.2019 Financial Markets Regulation Department Hedging of exchange rate risk by Foreign Portfolio Investors (FPIs) under Voluntary Retention Route All Category - I Authorised Dealer banks
RBI/2018-2019/123 A.P. (DIR Series) Circular No. 19 15.02.2019 Financial Markets Regulation Department Investment by Foreign Portfolio Investors (FPI) in Debt All Authorised persons
RBI/2017-18/199 A.P. (DIR Series) Circular No. 31 15.06.2018 Financial Markets Regulation Department Investment by Foreign Portfolio Investors (FPI) in Debt - Review (Updated up to February 26, 2021) All Authorized Persons
RBI/2017-2018/170 A.P. (DIR Series) Circular No. 26 01.05.2018 Financial Markets Regulation Department Investment by Foreign Portfolio Investors (FPI) in Debt - Review All Authorized Persons
RBI/2017-2018/150 A.P.(DIR Series) Circular No. 22 06.04.2018 Financial Markets Regulation Department Investment by Foreign Portfolio Investors (FPI) in Government Securities - Medium Term Framework - Review All Authorized Persons
RBI/2017-2018/138 A.P. (DIR Series) Circular No. 19 12.03.2018 Financial Markets Regulation Department Hedging of Commodity Price Risk and Freight Risk in Overseas Markets (Reserve Bank) Directions All Category - I Authorised Dealer Banks
RBI/2017-2018/108 A.P. (DIR Series) Circular No. 14 12.12.2017 Financial Markets Regulation Department Investment by Foreign Portfolio Investors (FPI) in Government Securities Medium Term Framework - Review All Authorized Persons
RBI/2017-2018/88 A.P. (DIR Series) Circular No. 11 09.11.2017 Financial Markets Regulation Department Risk Management and Inter-Bank Dealings - Simplified Hedging Facility All Authorised Dealer Category - I Banks
RBI/2017-2018/75 A.P. (DIR Series) Circular No. 08 12.10.2017 Financial Markets Regulation Department Risk Management and Inter-Bank Dealings - Facilities for Hedging Trade Exposures invoiced in Indian Rupees All Authorized Dealer Category - I Banks
RBI/2017-2018/77 A.P. (DIR Series) Circular No. 09 12.10.2017 Financial Markets Regulation Department Exim Bank's Government of India supported Line of Credit of USD 318 million to the Government of Sri Lanka All Category - I Authorised Dealer Banks
RBI/2017-2018/78 A.P. (DIR Series) Circular No. 10 12.10.2017 Financial Markets Regulation Department Exim Bank's Government of India supported Line of Credit of USD 1 billion to the Government of Mongolia All Category - I Authorised Dealer Banks
RBI/2017-2018/68 A.P.(DIR Series) Circular No. 07 28.09.2017 Financial Markets Regulation Department Investment by Foreign Portfolio Investors (FPI) in Government Securities Medium Term Framework All Authorized Persons
RBI/2017-2018/12 A.P.(DIR Series) Circular No. 01 03.07.2017 Financial Markets Regulation Department Investment by Foreign Portfolio Investors (FPI) in Government Securities Medium Term Framework - Review All Authorized Persons
RBI/2016-2017/265 A.P.(DIR Series) Circular No. 43 31.03.2017 Financial Markets Regulation Department Investment by Foreign Portfolio Investors in Government Securities All Authorised Persons
RBI/2016-2017/254 A.P. (DIR Series) Circular No. 41 21.03.2017 Financial Markets Regulation Department Risk Management and Inter-bank Dealings: Operational flexibility for Indian subsidiaries of Non-resident Companies All Authorised Dealer Category - I Banks
RBI/2016-2017/221 A.P. (DIR Series) Circular No. 30 02.02.2017 Financial Markets Regulation Department Risk Management and Inter-bank Dealings: Permitting Non Resident Indians (NRIs) access to Exchange Traded Currency Derivatives (ETCD) market All Category - I Authorised Dealer Banks
RBI/2016-2017/197 A.P. (DIR Series) Circular No.23 27.12.2016 Financial Markets Regulation Department Purchase and sale of securities other than shares or convertible debentures of an Indian company by a person resident outside India All Category - I Authorised Dealer Banks
RBI/2016-2017/138 A.P. (DIR Series) Circular No.19 17.11.2016 Financial Markets Regulation Department Investment by Foreign Portfolio Investors (FPI) in corporate debt securities All Category - I Authorised Dealer banks
RBI/2016-2017/72 A.P. (DIR Series) Circular No. 04 30.09.2016 Financial Markets Regulation Department Investment by Foreign Portfolio Investors (FPI) in Government Securities All Authorised Persons
RBI/FMRD/2016-2017/31 FMRD Master Direction No. 1/2016-17 05.07.2016 Financial Markets Regulation Department Master Direction - Risk Management and Inter-Bank Dealings (Updated as on May 03, 2024) All Authorised Persons
RBI/2015-2016/78 Master Circular No. 2/2015-16 01.07.2015 Financial Markets Department Master Circular on Non-Resident Ordinary Rupee (NRO) Account All Authorised Dealer Category - I banks and Authorised banks
RBI/2015-2016/57 FMRD.DIRD. 03 /14.01.003/2015-16 01.07.2015 Financial Markets Regulation Department Master Circular - Guidelines for Issue of Certificates of Deposit All market participants
RBI/2014-2015/526 A.P.(DIR Series) Circular No. 90 31.03.2015 Financial Markets Regulation Department Risk Management and Inter-bank Dealings: Revised Guidelines relating To All Category - I Authorised Dealer banks
RBI/2014-2015/527 A.P.(DIR Series)Circular No. 91 31.03.2015 Financial Markets Regulation Department Risk Management and Inter-bank Dealings: Revised Position Limits for Foreign Portfolio Investors (FPIs) in the Exchange Traded Currency Derivatives (ETCD) market All Category - I Authorised Dealer banks
RBI/2014-2015/454 FMRD.DIRD.5/14.03.002/2014-15 05.02.2015 Financial Markets Regulation Department Re-repo in Government Securities Market All Market Participants
RBI/2014-2015/447 FMRD.DIRD.04/14.03.002/2014-15 03.02.2015 Financial Markets Regulation Department Ready Forward Contracts in Corporate Debt Securities All Market Participants
RBI/2014-2015/401 A.P. (DIR Series) Circular No. 58 14.01.2015 Financial Markets Regulation Department Risk Management and Inter Bank Dealings: Hedging under Past Performance Route- Liberalisation of Documentation Requirements in the OTC market All Category - I Authorised Dealer Banks
RBI/2014-2015/365 FMRD.DIRD.02/14.03.007/2014-15 24.12.2014 Financial Markets Regulation Department Secondary Market Transactions in Government Securities - Short Selling All market participants
RBI/2014-2015/361 FMRD.FMID.01/14.01.02/2014-15 19.12.2014 Financial Markets Regulation Department F-TRAC - Counterparty Confirmation All RBI regulated entities
RBI/2013-2014/627 FMD.MOAG. No. 103/01.01.009/2013-14 04.06.2014 Financial Markets Department Special Term Repo Auction All Scheduled Commercial Banks (excluding RRBs)
RBI/2013-2014/565 FMD.MSRG.No.102/02.18.002/2013-14 16.04.2014 Financial Markets Department Financial Benchmarks- Governance Framework for Benchmark Submitters All Scheduled Commercial Banks and Primary Dealers
RBI/2013-2014/549 FMD.MOAG. No. 100/01.01.001/2013-14 01.04.2014 Financial Markets Department Liquidity Adjustment Facility All Scheduled Commercial Banks (excluding RRBs) and Standalone Primary Dealers
RBI/2013-2014/550 FMD.MOAG. No.101/01.01.009/2013-14 01.04.2014 Financial Markets Department Term Repo under Liquidity Adjustment Facility All Scheduled Commercial Banks (excluding RRBs)
RBI/2013-2014/532 FMD.MSRG.No.99/02.05.002/2013-14 25.03.2014 Financial Markets Department Reporting of OTC Interest Rate Derivatives - Client Level Transactions All Scheduled Commercial Banks (excluding RRBs and LABs) and Primary Dealers
RBI/2013-2014/491 FMD.MOAG.No.98/01.01.009/2013-14 13.02.2014 Financial Markets Department Term Repo under Liquidity Adjustment Facility- Operational Guidelines All Scheduled Commercial Banks (excluding RRBs)
RBI/2013-2014/470 FMD.MOAG. No. 96/01.01.001/2013-14 28.01.2014 Financial Markets Department Liquidity Adjustment Facility - Repo and Reverse Repo All Scheduled Commercial Banks (excluding RRBs) and Standalone Primary Dealers
RBI/2013-2014/471 FMD.MOAG. No. 97/01.18.001/2013-14 28.01.2014 Financial Markets Department Marginal Standing Facility All Scheduled Commercial Banks (excluding RRBs)
RBI/2013-2014/451 FMD.MOAG. No.95/01.01.001/2013-14 17.01.2014 Financial Markets Department Liquidity Adjustment Facility- Reverse Repo All Scheduled Commercial Banks (excluding RRBs) and Standalone Primary Dealers
RBI/2013-2014/400 FMD.MSRG.No.94/02.05.002/2013-14 04.12.2013 Financial Markets Department Reporting Platform for OTC Foreign Exchange and Interest Rate Derivatives All Category-I Authorised Dealer Banks and Primary Dealers
RBI/2013-2014/351 FMD.MOAG. No. 93/01.18.001/2013-14 31.10.2013 Financial Markets Department Marginal Standing Facility-Revision in timings All Scheduled Commercial Banks (excluding RRBs)
RBI/2013-2014/341 FMD.MOAG. No. 92 /01.01.009/2013-14 29.10.2013 Financial Markets Department Term Repo under Liquidity Adjustment Facility All Scheduled Commercial Banks (excluding RRBs)
RBI/2013-2014/340 FMD.MOAG. No. 91/01.18.001/2013-14 29.10.2013 Financial Markets Department Marginal Standing Facility Rates All Scheduled Commercial Banks (excluding RRBs)
RBI/2013-2014/339 FMD.MOAG. No. 90/01.01.001/2013-14 29.10.2013 Financial Markets Department Liquidity Adjustment Facility - Repo and Reverse Repo Rates All Scheduled Commercial Banks (excluding RRBs) and Standalone Primary Dealers
RBI/2013-2014/319 FMD.MOAG. No. 89 /01.01.009/2013-14 08.10.2013 Financial Markets Department Term Repo under Liquidity Adjustment Facility All Scheduled Commercial Banks (excluding RRBs)
RBI/2013-2014/314 FMD.MOAG. No. 88 /01.18.001/2013-14 07.10.2013 Financial Markets Department Marginal Standing Facility All Scheduled Commercial Banks (excluding RRBs)
RBI/2013-2014/278 FMD.MOAG. No. 86/01.01.001/2013-14 20.09.2013 Financial Markets Department Liquidity Adjustment Facility - Repo and Reverse Repo Rates All Scheduled Commercial Banks (excluding RRBs) and Standalone Primary Dealers
RBI/2013-2014/277 FMD.MOAG. No. 87/01.18.001/2013-14 20.09.2013 Financial Markets Department Marginal Standing Facility Rates All Scheduled Commercial Banks (excluding RRBs)
RBI/2013-2014/273 FMD.MOAG. No. 85/01.06.016/2013-14 19.09.2013 Financial Markets Department Swap Window for Attracting FCNR (B) Dollar Funds All Scheduled Banks [excluding Regional Rural Banks (RRBs)]
RBI/2013-2014/234 FMD.MOAG. No.84 /01.06.016/2013-14 06.09.2013 Financial Markets Department Swap Window for Attracting FCNR (B) Dollar Funds All Scheduled Banks [excluding Regional Rural Banks (RRBs)]
RBI/2013-2014/153 FMD.MOAG. No. 83/01.01.001/2013-14 23.07.2013 Financial Markets Department Liquidity Adjustment Facility - Standalone Primary Dealers All Standalone Primary Dealers
RBI/2013-2014/152 FMD.MOAG. No.82/01.01.001/2013-14 23.07.2013 Financial Markets Department Liquidity Adjustment Facility All Scheduled Commercial Banks (excluding RRBs)
RBI/2013-2014/143 FMD.MOAG.No. 81/01.01.001/2013-14 17.07.2013 Financial Markets Department Special Repo Window for Liquidity Requirement of Mutual Funds All Scheduled Commercial Banks (excluding RRBs)
RBI/2013-2014/142 FMD.MOAG. No. 80/01.01.001/2013-14 16.07.2013 Financial Markets Department Liquidity Adjustment Facility All Scheduled Commercial Banks (excluding RRBs) and Standalone Primary Dealers
RBI/2013-2014/140 FMD.MOAG. No.79 /01.01.001/2013-14 16.07.2013 Financial Markets Department Marginal Standing Facility Rates All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers
RBI/2012-2013/486 FMD.MOAG. No. 78 /01.01.001/2012-13 03.05.2013 Financial Markets Department Liquidity Adjustment Facility - Repo and Reverse Repo and Marginal Standing Facility Rates All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers
RBI/2012-2013/448 FMD.MOAG No. 77 /01.01.001/2012-13 19.03.2013 Financial Markets Department Liquidity Adjustment Facility and Marginal Standing Facility All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers
RBI/2012-2013/447 FMD.MOAG. No. 76 /01.01.01/2012-13 19.03.2013 Financial Markets Department Liquidity Adjustment Facility - Repo and Reverse Repo and Marginal Standing Facility Rates All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers
RBI/2012-2013/438 FMD.MSRG.No. 75/02.05.002/2012-13 13.03.2013 Financial Markets Department Reporting Platform for OTC Foreign Exchange and Interest Rate Derivatives All Category - I Authorised Dealer Banks
RBI/2012-2013/398 FMD.MOAG. No.74/01.01.001/2012-13 29.01.2013 Financial Markets Department Liquidity Adjustment Facility - Repo and Reverse Repo and Marginal Standing Facility Rates All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers
RBI/2012-2013/378 FMD.MOAG. No. 1082/01.06.016/2012-13 14.01.2013 Financial Markets Department Swap Facility for Expansion of Export Credit in Foreign Currency All Scheduled Banks [excluding Regional Rural Banks (RRBs)]
RBI/2012-2013/248 FMD.MSRG.No.72/02.05.002/2012-13 12.10.2012 Financial Markets Department Reporting Platform for OTC Foreign Exchange and Interest Rate Derivatives All Category – I Authorised Dealer Banks

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Page Last Updated on: July 18, 2024