Risk Management and Inter-bank Dealings: Revised Position Limits for Foreign Portfolio Investors (FPIs) in the Exchange Traded Currency Derivatives (ETCD) market

Risk Management and Inter-bank Dealings: Revised Position Limits for Foreign Portfolio Investors (FPIs) in the Exchange Traded Currency Derivatives (ETCD) market https://www.taxtmi.com/circulars?id=53290 Revision increases permitted open positions for Foreign Portfolio Investors (FPIs) in the Exchange Traded Currency Derivatives (ETCD) market: FPIs may take both long and short positions in USD INR up to an increased per exchange limit and combined positions in EUR INR, GBP INR and JPY INR up to an aggregate per exchange limit; exchanges shall monitor limits and report breaches, and may prescribe fixed per contract limits for non USD pairs. en-us Tue, 31 Mar 2015 00:00:00 +0530 Wed, 01 Apr 2015 12:09:00 +0530 TaxTMI RSS Generator Risk Management and Inter-bank Dealings: Revised Position Limits for Foreign Portfolio Investors (FPIs) in the Exchange Traded Currency Derivatives (ETCD) market https://www.taxtmi.com/circulars?id=53290 Revision increases permitted open positions for Foreign Portfolio Investors (FPIs) in the Exchange Traded Currency Derivatives (ETCD) market: FPIs may take both long and short positions in USD INR up to an increased per exchange limit and combined positions in EUR INR, GBP INR and JPY INR up to an aggregate per exchange limit; exchanges shall monitor limits and report breaches, and may prescribe fixed per contract limits for non USD pairs. Circulars FEMA Tue, 31 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53290