Separate limit of Interest Rate Futures (IRFs) for Foreign Portfolio Investors (FPIs)

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t of Interest Rate Futures (IRFs) for Foreign Portfolio Investors (FPIs) 1. Reserve Bank of India, in its Statement on Developmental and Regulatory Policies, released on August 02, 2017, proposed to allocate a separate limit of INR 5,000 crore to Foreign Portfolio Investors (FPIs) for taking long position in Interest Rate Futures (IRFs) in order to facilitate further market development and to ens....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e. 4. For monitoring the limit as mentioned in Paragraph '3' above and in SEBI Circular CIR/MRD/DRMNP/2/2014 dated January 20, 2014, Stock Exchanges, after consulting amongst themselves, shall adhere to the following mechanism: a. Stock Exchanges shall put in place necessary mechanism for monitoring and enforcing limits of FPIs in IRFs. b. Stock Exchanges shall aggregate net long position in ....