The Reserve Bank of India (RBI) has affirmed its existing stance on exchange-traded rupee derivatives, indicating no significant alterations in policy, according to sources familiar with the central bank’s position. In January, the RBI announced that, effective April 5, exchanges would be permitted to offer forex derivative contracts involving the rupee for hedging contracted exposure. While this announcement sparked concerns among brokers regarding proof of underlying forex exposure, the RBI has clarified that there have been no substantive changes to the underlying exposure requirement.