Economy, Banking and Finance · 21 January 2026
Reserve Bank of India (RBI) recognises Foreign Exchange Dealers’ Association of India (FEDAI) as self-regulatory organisation for authorised dealers.
Exam-focused facts from the 21 January 2026 current affairs briefing.
Key facts
- The Reserve Bank of India has recognised the Foreign Exchange Dealers’ Association of India (FEDAI) as a self-regulatory organisation for all authorised dealers under its Omnibus framework for SROs.
- FEDAI had applied for recognition in March 2024.
- The central bank has given FEDAI one year to align its governance and operations with the Omnibus SRO framework and to extend its membership to all categories of authorised dealers.