https://www.taxtmi.com/circulars?id=58085 The circular revises per exchange position limits for FPIs and domestic clients in USD INR and in the combined EUR INR/GBP INR/JPY INR pairs, permitting positions up to those limits without proof of underlying exposure while requiring qualifying Indian debt or equity exposure to take long positions in excess; short positions are capped and breaches trigger exchange restrictions. Exchanges may set sub limits within the combined limit, must monitor and report breaches to the RBI surveillance team, and implement systems, by law changes, dissemination and reporting to the regulator. en-us Wed, 08 Apr 2015 00:00:00 +0530 Thu, 06 Dec 2018 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58085 The circular revises per exchange position limits for FPIs and domestic clients in USD INR and in the combined EUR INR/GBP INR/JPY INR pairs, permitting positions up to those limits without proof of underlying exposure while requiring qualifying Indian debt or equity exposure to take long positions in excess; short positions are capped and breaches trigger exchange restrictions. Exchanges may set sub limits within the combined limit, must monitor and report breaches to the RBI surveillance team, and implement systems, by law changes, dissemination and reporting to the regulator. Circulars SEBI Wed, 08 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58085