https://www.taxtmi.com/circulars?id=57790 Revision establishes an aggregated position limit for INR based currency derivatives allowing domestic clients and FPIs to take positions up to a single threshold across all FCY INR pairs and exchanges without proving underlying exposure; FPIs' short positions are capped at that threshold and breaches will result in exchanges restricting further shorting until compliance. Positions above the threshold require FPIs to hold underlying exposure in Indian debt or equity securities, and clients/FPI compliance is enforceable under foreign exchange law with monitoring and reporting by exchanges and clearing corporations. en-us Thu, 15 Mar 2018 00:00:00 +0530 Thu, 29 Nov 2018 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57790 Revision establishes an aggregated position limit for INR based currency derivatives allowing domestic clients and FPIs to take positions up to a single threshold across all FCY INR pairs and exchanges without proving underlying exposure; FPIs' short positions are capped at that threshold and breaches will result in exchanges restricting further shorting until compliance. Positions above the threshold require FPIs to hold underlying exposure in Indian debt or equity securities, and clients/FPI compliance is enforceable under foreign exchange law with monitoring and reporting by exchanges and clearing corporations. Circulars SEBI Thu, 15 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57790