https://www.taxtmi.com/circulars?id=56727 RBI permits residents and Foreign Portfolio Investors to take long or short positions in exchange-traded INR currency derivatives without establishing underlying exposure up to a single consolidated limit of USD 100 million equivalent across all INR currency pairs and across all exchanges. Participants bear responsibility for compliance; exchanges will monitor limits and report breaches to the Reserve Bank. Other operational guidelines remain unchanged and the circular is issued under provisions of the Foreign Exchange Management Act, 1999. en-us Mon, 26 Feb 2018 00:00:00 +0530 Mon, 26 Feb 2018 18:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56727 RBI permits residents and Foreign Portfolio Investors to take long or short positions in exchange-traded INR currency derivatives without establishing underlying exposure up to a single consolidated limit of USD 100 million equivalent across all INR currency pairs and across all exchanges. Participants bear responsibility for compliance; exchanges will monitor limits and report breaches to the Reserve Bank. Other operational guidelines remain unchanged and the circular is issued under provisions of the Foreign Exchange Management Act, 1999. Circulars FEMA Mon, 26 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56727