GENERAL9 Sept 2026
RBI adds 5 currencies to Retail Forex platform; plans Yen, Aussie Dollar next
RBI is adding five new currencies to its FX Retail platform: euro, British pound, Swiss franc, Canadian dollar and Emirati dirham. The platform, launched in 2019, was created to tackle high exchange margins charged by commercial banks and has been gaining traction. Yen and Australian dollar are planned next. If you exchange foreign currency, this could give you better rates.
Key Statutory Highlights
- RBI's FX Retail platform will introduce trading in euro, British pound, Swiss franc, Canadian dollar and Emirati dirham.
- The platform was launched in 2019 to address high exchange margins charged by commercial banks.
- Yen and Australian dollar are planned next on the platform.
Actionable Advice for Taxpayers / Founders:If you need foreign currency, check the RBI FX Retail platform before going to a bank, as it was set up to reduce exchange margins.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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