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FX Global Code: RBI Renews Statement of Commitment

27 September 20251 min read
BANKING & FINANCEFX Global Code:RBI RenewsStatement ofCommitment27 September 2025safalsetu.com

Why in the news

In September 2025 the Reserve Bank of India renewed its Statement of Commitment (SoC) to the FX Global Code, backing global best practice in foreign exchange dealing.

Key facts

  • SoC purpose: RBI’s FX operations follow internationally accepted good-practice principles.
  • RBI’s role: Market Participant.
  • History: published 2017; GFXC reviews in July 2021 and December 2024.

About the Code

  • Global principles of good conduct for the integrity and effective functioning of the wholesale FX market.
  • Built by central banks and market participants together.

Exam angle

  • Reviewer: GFXC. First published: 2017.

Test yourself

1. In which year was the FX Global Code first published?

The Code was first published in 2017.

2. Which committee reviewed the FX Global Code in July 2021 and December 2024?

The GFXC carried out both reviews.

3. What role does RBI play under the FX Global Code?

The notes state RBI acts as a Market Participant.

This topic is part of Daily Current Affairs 27 September 2025 (19 topics).

All topics of the dayDay quizSeptember 2025

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