Relaxation in Rules for Foreign Investors in Exchange Traded Currency Derivatives

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....elaxation in Rules for Foreign Investors in Exchange Traded Currency Derivatives <br>News and Press Release<br>Dated:- 8-5-2015<br><BR>In terms of Reserve Bank of India's A.P. (DIR Series) Circular No....

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..... 91 dated march 31, 2015 and SEBI's CIR/MRD/DP/04/2015 dated April 8, 2015 following relaxations have been made: &bull; Foreign Portfolio Investors (FPIs) have been allowed to take positions (long a....

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....s well as short) in USD-INR pair up to USD 15 million per exchange in the Exchange Traded Currency Derivative (ETCD) segment. &bull; Further, they have also been permitted to take long (bought) as we....

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....ll as short (sold) positions in EUR-INR, GBP-INR and JPY-INR pairs, all put together, up to USD 5 million equivalent per exchange. &bull; Beyond the above limits, FPIs can take long position in any e....

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....xchange to hedge the underlying exposure. This was stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Lok Sabha today.<BR> News - Press relea....

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....se - PIB....