NEW DELHI, Dec 9: The Reserve Bank of India (RBI) has released a draft circular requiring authorised dealers to disclose the full transaction costs—covering remittance fees, foreign exchange rates, currency conversion charges, and any intermediary fees—to retail users for foreign exchange cash, spot, and tomorrow contracts.
This move aims to enhance transparency in the forex market.
Banks, market participants, and other stakeholders have been invited to submit their comments on the draft circular by January 9, 2026. (PTI)
