Exchange traded currency options: residents may trade standardized USD INR options under eligibility, prudential limits and RBI authorisation. Exchange traded currency options on USD INR or RBI approved pairs are permitted on recognised stock exchanges, cash settled in Rupees using the Reserve Bank reference rate, and available only to persons resident in India; participation, membership and clearing are subject to SEBI registration, RBI authorisation and specified prudential requirements for AD Category I banks, while position limits, margining and surveillance follow SEBI guidance and the Reserve Bank may vary eligibility, limits and margins to protect financial stability.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exchange traded currency options: residents may trade standardized USD INR options under eligibility, prudential limits and RBI authorisation.
Exchange traded currency options on USD INR or RBI approved pairs are permitted on recognised stock exchanges, cash settled in Rupees using the Reserve Bank reference rate, and available only to persons resident in India; participation, membership and clearing are subject to SEBI registration, RBI authorisation and specified prudential requirements for AD Category I banks, while position limits, margining and surveillance follow SEBI guidance and the Reserve Bank may vary eligibility, limits and margins to protect financial stability.
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