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<h1>SEBI Clarifies Position Limits for Domestic Institutional Investors in Currency Derivatives; Compliance Required by Banks and Exchanges.</h1> The circular issued by SEBI on July 24, 2014, clarifies position limits for domestic institutional investors in currency derivatives contracts. It states that these investors can hold positions as specified in a previous circular, provided they are permitted by their sectoral regulators. Additionally, banks participating in the currency derivatives segment must adhere to the RBI's provisions. Stock exchanges and clearing corporations are instructed to implement necessary systems, update regulations, inform brokers and members, and report implementation status to SEBI. This circular is issued under the authority of the SEBI Act, 1992, to safeguard investor interests and regulate the securities market.