SEBI Squeezes position limits in Permitted currency pairs for currency derivative contracts

SEBI has revised the client level position limits for trading in cross-currency derivative contracts. For USD-INR, gross open position across all contracts will not exceed 6% of the total open interest or USD 20 million, whichever is higher. Earlier, the limit was USD 10 million. It applies to NRIs and Category II FPIs.SEBI has revised the client level position limits for trading in cross-currency derivative contracts. For USD-INR, gross open position across all contracts will not exceed 6% of the total open interest or USD 20 million, whichever is higher. Earlier, the limit was USD 10 million. It applies to NRIs and Category II FPIs.taxmann.com Latest Statutory HappeningsRead More

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