Reserve Bank of India (RBI) has stated in a latest update that to ensure completeness of transaction data in Trade Repository or TR for all foreign exchange instruments, it has been decided to expand the reporting requirement to include foreign exchange spot (including value cash and value tom) deals in a phased manner. Accordingly, transactions in the following foreign exchange contracts, involving INR or otherwise, (hereinafter referred to as “FX contracts”) shall now be reported to the TR: foreign exchange cash; foreign exchange tom; and foreign exchange spot.
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