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<h1>FII Position Limits in interest rate futures: monitoring with government debt aggregation and halt on further long increases at threshold.</h1> The circular sets FII position limits for IRF-capping gross open positions and restricting gross short positions relative to long holdings-and mandates that aggregate FII long exposure in cash and IRF not exceed the permissible government securities investment limit. It requires exchanges to report aggregate gross long IRF positions to depositories; depositories must aggregate these with FII government debt investments, publish the totals, and notify regulators when utilization crosses specified thresholds, after which FIIs must not increase long IRF positions until exposure falls below the lower threshold.