<h1>RBI and SEBI Ease Rules for FPIs in Currency Derivatives Market, Expanding Position Limits on Major Currency Pairs.</h1> The Reserve Bank of India and the Securities and Exchange Board of India have relaxed rules for Foreign Portfolio Investors (FPIs) in the Exchange Traded Currency Derivatives (ETCD) market. FPIs can now take positions in the USD-INR pair up to USD 15 million per exchange. Additionally, they are allowed to take combined positions in EUR-INR, GBP-INR, and JPY-INR pairs up to USD 5 million equivalent per exchange. Beyond these limits, FPIs may take long positions to hedge underlying exposure. This information was provided by a government official in response to a parliamentary inquiry.