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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/2023-2024/46 FMRD.FMSD.03/03.07.25/2023-24 23.06.2023 Financial Markets Regulation Department Status of MIFOR as a Significant Benchmark All the Financial Benchmark Administrators
RBI/2023-2024/38 FMRD.DIRD.02/14.01.001/2023-24 08.06.2023 Financial Markets Regulation Department Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021-Review All Eligible Market Participants
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/2023-2024/30 CO.FMRD.DIRD.01/14.02.001/2023-24 12.05.2023 Financial Markets Regulation Department LIBOR Transition The Chief Executive Officer/ Chairman/Managing Director, All Commercial and Co-operative Banks / All India Financial Institutions / Non-Banking Financial Companies including Housing Finance Companies and Standalone Primary Dealers
RBI/2022-2023/169 FMRD.FMID.No.07/14.01.006/2022-23 23.01.2023 Financial Markets Regulation Department ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities - Inclusion of Sovereign Green Bonds All participants in Government Securities market
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/2022-2023/153 A. P. (DIR Series) Circular No. 21 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 All Authorised Dealer Category - I Banks
RBI/2022-2023/152 A. P. (DIR Series) Circular No. 20 12.12.2022 Financial Markets Regulation Department Hedging of Commodity Price Risk and Freight Risk in Overseas Markets All Authorised Dealer Category - I Banks
RBI/2022-2023/151 A. P. (DIR Series) Circular No. 19 12.12.2022 Financial Markets Regulation Department Hedging of Gold Price Risk in Overseas Markets All Authorised Dealer Category - I Banks
RBI/2022-2023/142 FMRD.FMSD.06/03.07.25/2022-23 01.12.2022 Financial Markets Regulation Department Notification of Significant Benchmark All the Financial Benchmark Administrators
RBI/2022-2023/105 FMRD.DIRD.05/14.03.046/2022-23 08.08.2022 Financial Markets Regulation Department Rupee Interest Rate Derivatives (Reserve Bank) Directions - Review All Eligible Market Participants
RBI/2022-2023/86 FMRD.FMID.No.04/14.01.006/2022-23 07.07.2022 Financial Markets Regulation Department ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities - Additional specified securities All participants in Government Securities market
RBI/2022-2023/88 A. P. (DIR Series) Circular No. 08 07.07.2022 Financial Markets Regulation Department Overseas foreign currency borrowings of Authorised Dealer Category-I banks All Authorised Dealer Category-I Banks
RBI/2022-2023/87 A.P. (DIR Series) Circular No.07 07.07.2022 Financial Markets Regulation Department Investment by Foreign Portfolio Investors (FPI) in Debt - Relaxations All Authorised Persons
RBI/2022-2023/93 FMRD.DIRD.02/14.01.023/2022-23 01.06.2022 Financial Markets Regulation Department Master Direction - Reserve Bank of India (Variation Margin) Directions, 2022 All Eligible Market Participants
RBI/2022-2023/41 FMRD.DIRD.01/14.03.059/2022-23 02.05.2022 Financial Markets Regulation Department Regulations Review Authority (RRA 2.0) - Interim Recommendations - Withdrawal of Circulars All Eligible Market Participants
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/2021-2022/173 FMRD.DIRD.13/14.03.59/2021-22 18.02.2022 Financial Markets Regulation Department Regulations Review Authority (RRA 2.0) - Interim Recommendations - Online Submission of Returns All Eligible Market Participants
RBI/2021-2022/157 FMRD.DIRD.12/14.03.046/2021-22 10.02.2022 Financial Markets Regulation Department Rupee Interest Rate Derivatives (Reserve Bank) Directions - Review All Eligible Market Participants
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/2021-2022/88 FMRD.DIRD.10/14.03.004/2021-22 10.02.2022 Financial Markets Regulation Department Master Direction - Reserve Bank of India (Credit Derivatives) Directions, 2022 All Eligible Market Participants
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/2021-2022/129 FMRD.DIRD.09/14.03.059/2021-22 16.11.2021 Financial Markets Regulation Department Regulations Review Authority (RRA 2.0) - Interim Recommendations - Withdrawal of Circulars All Eligible Market Participants
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/FMRD/2021-2022/84 FMRD.FMD.07/02.03.247/2021-22 16.09.2021 Financial Markets Regulation Department Master Direction - Reserve Bank of India (Market-makers in OTC Derivatives) Directions, 2021 All Eligible Market Participants
RBI/2021-2022/69 CO.FMRD.DIRD.S39/14.02.001/2021-22 08.07.2021 Financial Markets Regulation Department Roadmap for LIBOR Transition The Chief Executive Officer/ Chairman/Managing Director, All Commercial and Co-operative Banks / All India Financial Institutions / Non-Banking Financial Companies including Housing Finance Companies and Standalone Primary Dealers
RBI/2021-2022/61 FMRD.DIRD.06/14.01.001/2021-22 25.06.2021 Financial Markets Regulation Department Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021 All Eligible Market Participants
RBI/2021-2022/50 FMRD.FMID.No.05/14.01.006/2021-22 07.06.2021 Financial Markets Regulation Department Transactions in Government securities by Foreign Portfolio Investors: Reporting All participants in Government securities market
RBI/2021-2022/79 FMRD.DIRD.03/14.01.003/2021-22 04.06.2021 Financial Markets Regulation Department Master Direction - Reserve Bank of India (Certificate of Deposit) Directions, 2021
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/2021-22/78 FMRD.DIRD.01/14.01.001/2021-22 01.04.2021 Financial Markets Regulation Department Master Direction - Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021 (Updated as on June 08, 2023) All Eligible Market Participants
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
RBI/2020-2021/98 A. P. (DIR Series) Circular No. 10 15.02.2021 Financial Markets Regulation Department Margin for Derivative Contracts All Authorised Dealer Category-I Banks
RBI/2020-2021/78 FMRD.DIRD.01/14.01.001/2020-21 04.12.2020 Financial Markets Regulation Department Regional Rural Banks - Access to Call/Notice/Term Money Market All Eligible Market Participants
No. FEMA.399/RB-2020 23.10.2020 Financial Markets Regulation Department Foreign Exchange Management (Margin for Derivative Contracts) Regulations, 2020
Notification No. FEMA 6 (R)/(2)/2020-RB 11.08.2020 Financial Markets Department Foreign Exchange Management (Export and Import of Currency) (Amendment) 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/2019-2020/233 FMRD.FMID.26/02.05.002/2019-20 18.05.2020 Financial Markets Regulation Department Reporting Platform for OTC Derivatives - Transactions undertaken by IFSC Banking Units (IBUs) and non-deliverable derivative contracts (involving Rupee or otherwise) All Authorised Dealer Category-I Banks
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/2019-2020/201 FMRD.FMSD.No.25/14.01.006/2019-20 30.03.2020 Financial Markets Regulation Department ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities - (specified securities) All participants in Government Securities market
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/2019-2020/185 FMRD.FMID.No.24/11.01.007/2019-20 27.03.2020 Financial Markets Regulation Department Legal Entity Identifier: Extension of deadline All eligible market participants
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
RBI/2019-2020/133 FMRD.FMSD.22/03.07.035/2019-20 01.01.2020 Financial Markets Regulation Department Financial Benchmark Administrators (Reserve Bank) Directions, 2019 All the Financial Benchmark Administrators
RBI/2019-2020/132 FMRD.FMID No.23/02.05.002/2019-20 01.01.2020 Financial Markets Regulation Department Reporting of OTC Currency Derivative transactions to trade repository All Category-I Authorised Dealer Banks
RBI/2019-2020/107 FMRD.DIRD.21/14.03.038/2019-20 28.11.2019 Financial Markets Regulation Department Repurchase Transactions (Repo) (Reserve Bank) Directions, 2018 - Amendment All participants in repo market
No. FEMA 396/2019-RB 17.10.2019 Financial Markets Regulation Department Foreign Exchange Management (Debt Instruments) Regulations, 2019
RBI/2018-2019/222 FMRD.DIRD.19/14.03.046/2018-19 26.06.2019 Financial Markets Regulation Department Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019 (Updated as on August 08, 2022) All participants in Rupee interest rate derivatives markets
RBI/2018-2019/221 FMRD.FMSD.17/03.07.035/2018-19 26.06.2019 Financial Markets Regulation Department Financial Benchmark Administrators (Reserve Bank) Directions, 2019 All eligible market participants
RBI/2018-2019/217 FMRD.FMD.16/02.03.225/2018-19 20.06.2019 Financial Markets Regulation Department Rollout of the foreign exchange trading platform for retail participants - FX-Retail All Eligible Market Participants
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/2018-2019/177 FMRD.FMID.No.15/11.01.007/2018-19 26.04.2019 Financial Markets Regulation Department Legal Entity Identifier: Extension of deadline All eligible market participants
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/2018-2019/151 FMRD.DIRD.13/14.03.041/2018-19 27.03.2019 Financial Markets Regulation Department Non-resident Participation in Rupee Interest Rate Derivatives Markets (Reserve Bank) Directions, 2019 All participants in rupee interest rate derivative markets
RBI/2018-2019/141 FMRD.FMSD.11/11.01.012/2018-19 15.03.2019 Financial Markets Regulation Department Reserve Bank of India (Prevention of Market Abuse) Directions, 2019 All eligible market participants
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/2018-2019/83 FMRD.FMID.No.10/11.01.007/2018-19 29.11.2018 Financial Markets Regulation Department Legal Entity Identifier Code for participation in non-derivative markets All eligible market participants
RBI/2018-2019/68 FMRD.DIRD.09/14.01.001/2018-19 29.10.2018 Financial Markets Regulation Department Payments Bank and Small Finance Banks- access to Call/Notice/Term Money Market All Eligible Market Participants
RBI/2018-2019/55 FMRD.FMID.07/14.03.027/2018-19 05.10.2018 Financial Markets Regulation Department The Electronic Trading Platforms (Reserve Bank) Directions, 2018 All operators of Electronic Trading Platforms
RBI/2018-2019/26 FMRD.DIRD.05/14.03.007/2018-19 25.07.2018 Financial Markets Regulation Department Secondary Market Transactions in Government Securities - Short Selling All participants in Central Government securities market
RBI/2018-2019/25 FMRD.DIRD.03/14.03.007/2018-19 24.07.2018 Financial Markets Regulation Department Transactions in the ‘When Issued’ (WI) market in Central Government Securities All participants in the Government Securities Market
RBI/2018-2019/24 FMRD.DIRD.01/14.03.038/2018-19 24.07.2018 Financial Markets Regulation Department Repurchase Transactions (Repo) (Reserve Bank) Directions, 2018 All participants in repo markets
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/2017-2018/198 FMRD.DIRD.9/14.01.020/2017-18 14.06.2018 Financial Markets Regulation Department Interest Rate Options in India All Eligible market participants
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/2017-2018/168 A.P. (DIR Series) Circular No. 24 27.04.2018 Financial Markets Regulation Department Investment by Foreign Portfolio Investors (FPI) in Debt - Review All Authorized Persons
RBI/2017-2018/169 A.P. (DIR Series) Circular No.25 27.04.2018 Financial Markets Regulation Department External Commercial Borrowings (ECB) Policy - Rationalisation and Liberalisation All Category-I Authorised Dealer Banks
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/2017-2018/146 FMRD.DIRD.7/14.03.025/2017-18 31.03.2018 Financial Markets Regulation Department Taking over of valuation of Government Securities (G-Sec) by Financial Benchmark India Pvt. Ltd. (FBIL) - valuation of portfolios All participants in the Government Securities market
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/2017-2018/137 FMRD.DIRD.6/14.03.001/2017-18 01.03.2018 Financial Markets Regulation Department Separate limit of Interest Rate Futures (IRFs) for Foreign Portfolio Investors (FPIs) All market participants
RBI/2017-2018/134 A. P. (DIR Series) Circular No. 18 26.02.2018 Financial Markets Regulation Department Risk Management and Inter-bank Dealings: Revised guidelines relating to participation of a person resident in India and Foreign Portfolio Investor (FPI) in the Exchange Traded Currency Derivatives (ETCD) Market 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/2017-2018/96 FMRD.DIRD.04/14.03.007/2017-18 16.11.2017 Financial Markets Regulation Department Secondary market transactions in Government Securities - Notional Short Sale All market participants
RBI/2017-2018/97 FMRD.DIRD.05/14.03.007/2017-18 16.11.2017 Financial Markets Regulation Department Over-the-Counter Government Securities Transaction by Foreign Portfolio Investors (FPIs) - Settlement Period All market participants
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

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Page Last Updated on: July 18, 2024