Reserve Bank of India (RBI) in its recent Press release 2024-2025/32 dated 4th April,2024 has deferred the timeline for implementation of comprehensive regulatory framework for participation in Exchange Traded Currency Derivatives (ETCDs) market under Foreign Exchange Management Act (FEMA), 1999 till 3rd May, 2024.
The Master Direction issued by RBI in the below mentioned link and the regulatory framework for participation in ETCDs involving the INR without any change will remain consistent and there is no change in the same.
https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12594&Mode=0
Source: Reserve Bank Of India (RBI)
