What happened
The Reserve Bank of India (RBI) on 15 October 2026 issued a set of Frequently Asked Questions (FAQs) on the Foreign Exchange Risk Reserve (FERR).
The press release is listed as a document of about 282 kb. The text we could access contains only the title and date, not the questions or answers themselves. We are therefore not reporting what the FAQs say.
What it means for you
FAQs from a regulator usually clarify how an existing rule applies in practice. The contents here are unconfirmed, so if you deal in foreign exchange derivatives or hold exposure that may be affected, read the full RBI document or ask your bank.
We will update this report once the FAQ contents are available to us.
Background
FERR has featured in recent RBI measures on forex derivatives. Our earlier coverage, RBI limits rupee NDDCs for non-residents to hedging and adds 20% FERR, and RBI cuts no-proof forex hedging limit to $5 million, covers those steps. The FAQs are presumably linked to them, but the source text available does not say so.
