印度储备银行（RBI）于10月10日宣布针对外汇市场的监管措施，包括限制重新预订已取消的外汇衍生品合约、降低交易门槛以及引入外汇风险准备金。这些措施通过两份通函发布，即A.P.通函第25号和A.P.通函第26号，旨在确保外汇市场有序运行。限制重新预订已取消合约授权交易商不得允许用户重新预订任何涉及印度卢比的外汇衍生品合约（无论是可交割还是不可交割），如果该合约在本指令发布后已被任何授权交易商取消。
The Reserve Bank of India on October 10 announced regulatory measures for the foreign exchange market, including restrictions on rebooking cancelled foreign exchange derivative contracts, a reduction in transaction thresholds and the introduction of a Foreign Exchange Risk Reserve .The measures were announced through two circulars, A.P. Circular No. 25 and A.P. Circular No. 26, with the stated objective of ensuring the orderly functioning of the foreign exchange market. Restrictions on rebooking cancelled contractsAuthorised dealers will not be permitted to allow users to rebook any foreign exchange derivative contract involving the Indian rupee, whether deliverable or non-deliverable, if it has been cancelled with any authorised dealer after the issuance of the directions.
外汇衍生品合约到期时的展期将继续被允许，但须遵守现有监管规定。门槛降至500万美元印度储备银行将为对冲合约敞口而进行外汇衍生品交易、且无需证明相关敞口存在的门槛，从1亿美元降至500万美元等值，适用于所有授权交易商。
Rollover of foreign exchange derivative contracts on maturity will continue to be permitted, subject to existing regulatory provisions. Threshold reduced to $5 millionThe RBI has reduced the threshold for undertaking foreign exchange derivative transactions to hedge contracted exposures without establishing the existence of the underlying exposure from $100 million to $5 million equivalent across all authorised dealers.
在所有认可证券交易所合计范围内，进行涉及卢比的交易所交易货币衍生品头寸交易、且无需证明相关敞口存在的相应门槛，也已从1亿美元降至500万美元等值。额外文件要求授权交易商将被要求获取并保存用户的承诺书，适用于签订涉及卢比的外汇衍生品合约以对冲合约敞口的用户。
The corresponding threshold for taking positions in exchange-traded currency derivatives involving the rupee, without establishing the existence of underlying exposure, has also been reduced from $100 million to $5 million equivalent across all recognised stock exchanges taken together. Additional documentation requirementAuthorised dealers will be required to obtain and retain an undertaking from users entering into rupee-involving foreign exchange derivative contracts to hedge contracted exposures.
该承诺必须确认同一基础风险敞口未与任何其他授权交易商进行过对冲。引入外汇风险准备金印度储备银行针对名义价值超过200万美元等值的涉及卢比的外汇衍生品合约，引入了外汇风险准备金要求。
The undertaking must confirm that the same underlying exposure has not been hedged with any other authorised dealer. Foreign Exchange Risk Reserve introducedThe RBI has introduced a Foreign Exchange Risk Reserve requirement for rupee-involving foreign exchange derivative contracts with a notional value exceeding $2 million equivalent.
授权交易商将被要求在印度储备银行存放现金准备金，金额等于每笔此类交易名义金额卢比等值的20%。
Authorised dealers will be required to maintain a cash reserve with the RBI equal to 20% of the rupee equivalent of the notional amount of each such transaction.
该准备金要求将适用于为对冲经常账户风险敞口而进行的、用户以卢比购买外币的涉及卢比的外汇衍生品合约。
The reserve requirement will apply to rupee-involving foreign exchange derivative contracts undertaken to hedge current account exposures where the user purchases foreign currency against the rupee.
印度储备银行表示，这些措施旨在强化市场纪律、确保适当的风险管理，并维护有序透明的外汇市场。
The RBI said the measures are intended to strengthen market discipline, ensure appropriate risk management and maintain an orderly and transparent foreign exchange market.