https://www.taxtmi.com/circulars?id=54113 Recognised stock exchanges may offer cross currency futures and options in EUR USD, GBP USD and USD JPY and expand INR based options to EUR INR, GBP INR and JPY INR. Contract types, sizes, quotation and settlement currencies, premium quotation/payments, and INR settlement computation for cross currency contracts using the USD INR Reference Rate and corresponding published exchange rates are prescribed. Market participants, including residents and FPIs, may take positions without establishing underlying exposure subject to existing aggregate position limits and exchange specified limits; AD Category I banks must observe Net Open Position Limits and ensure synthetic USD INR exposures comply with USD INR position limits. en-us Thu, 10 Dec 2015 00:00:00 +0530 Fri, 11 Dec 2015 09:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54113 Recognised stock exchanges may offer cross currency futures and options in EUR USD, GBP USD and USD JPY and expand INR based options to EUR INR, GBP INR and JPY INR. Contract types, sizes, quotation and settlement currencies, premium quotation/payments, and INR settlement computation for cross currency contracts using the USD INR Reference Rate and corresponding published exchange rates are prescribed. Market participants, including residents and FPIs, may take positions without establishing underlying exposure subject to existing aggregate position limits and exchange specified limits; AD Category I banks must observe Net Open Position Limits and ensure synthetic USD INR exposures comply with USD INR position limits. Circulars FEMA Thu, 10 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54113