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

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....ck Exchanges Dear Sir / Madam, Sub: Separate limit 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 ....

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.... acquire net long position in excess of INR 1,800 crore at any point of time. 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 enforcin....