Position limits require adherence to SEBI guidelines and mandate banks to include currency futures exposure within prudential NOP and AG limits. Position limits require market participants to follow SEBI guidelines; AD Category - I banks must operate within prudential limits, specifically Net Open Position (NOP) and Aggregate Gap (AG) limits, and include their own-account currency futures exposures within those NOP and AG limits.
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Provisions expressly mentioned in the judgment/order text.
Position limits require adherence to SEBI guidelines and mandate banks to include currency futures exposure within prudential NOP and AG limits.
Position limits require market participants to follow SEBI guidelines; AD Category - I banks must operate within prudential limits, specifically Net Open Position (NOP) and Aggregate Gap (AG) limits, and include their own-account currency futures exposures within those NOP and AG limits.
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