https://www.taxtmi.com/circulars?id=63420 Rupee derivatives are permitted to be listed and traded on recognised IFSC stock exchanges under RBI directions, with non resident participation by default and resident participation only with RBI permission. Contracts involving the Rupee must be settled in a currency other than the Indian Rupee, with the FBIL Reference rate as the settlement price where available; contract specifications are set by recognised exchanges in consultation with SEBI. Trading is subject to margins, SEBI position limits and RBI authorisation requirements, and the RBI may modify eligibility, limits or margins in the public interest. en-us Mon, 20 Jan 2020 00:00:00 +0530 Tue, 21 Jan 2020 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=63420 Rupee derivatives are permitted to be listed and traded on recognised IFSC stock exchanges under RBI directions, with non resident participation by default and resident participation only with RBI permission. Contracts involving the Rupee must be settled in a currency other than the Indian Rupee, with the FBIL Reference rate as the settlement price where available; contract specifications are set by recognised exchanges in consultation with SEBI. Trading is subject to margins, SEBI position limits and RBI authorisation requirements, and the RBI may modify eligibility, limits or margins in the public interest. Circulars FEMA Mon, 20 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63420