Revised Position Limits for Currency Derivatives Contracts

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.... RBI, it has been decided to enhance the gross open position limits for bank stock brokers as authorized by RBI. 2. Accordingly, it has been decided to revise the position limit per stock exchange for bank stock brokers with respect to the currency pair USD-INR. Therefore, the para 12 (a) of the SEBI Circular No. CIR/MRD/DP/20/2014 dated June 20, 2014, as modified vide SEBI circulars CIR/MRD/DP/2....

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....hall remain unchanged. 5. Stock exchanges are directed to: i. take necessary steps and put in place necessary systems for implementation of the circular, including necessary amendments to the relevant bye-laws, rules and regulations. ii. bring the provisions of this circular to the notice of the stock brokers and also disseminate the same on its website, and iii. communicate to SEBI the sta....