Reserve Bank of India (RBI) through Clearing Corporation of India Ltd (CCIL) has rolled out ‘FX-Retail’, which is an electronic forex rate booking platform for buying / selling foreign exchange.
FX-Retail platform can be accessed by any customer of the bank (through the website ) who can purchase or sell US Dollar against Rupee for delivery on ‘cash basis’ (on the same day), ‘tom basis’ (the next day) or ‘spot basis’ (two days after date of transaction) and forwards (up to 13 Months). The objective of the platform is to provide an electronic platform for the retail customers where their FX orders can be matched anonymously and automatically.
- Enables transactions across Individuals, Corporates, Trusts, Cooperative Banks, Foreign Portfolio Investors, Foreign Institutional Investors etc. and providing the benefit of placing the trades at the customer’s own time and convenience. Customers can currently place orders for USD/INR currency pairs only
- Net rate with breakup is provided to customer after factoring exchange margin and swap cost from near interbank rates
- Transaction wise audit trail is available to the customer
- Total amount of transactions is subject to limit (amount, type and tenure) assigned by the Bank
- Net rate with breakup is provided to customer after factoring exchange margin and swap cost from near interbank rates
- Transaction wise audit trail is available to the customer
- The size of a single transaction shall not exceed $5 million
- Deals above USD 50K per transaction will be charged as per prevailing CCIL rate
How to Register:
- Visit
- Complete the registration form
- Provide the name of your Relationship Bank at the time of registration
- Once registered, your details will be forwarded for verification and approval to the Relationship Bank
- Once approved, you will be sent your login credentials (ID and Password)