Currency Future and Options Contracts (involving Indian Rupee) on Exchanges in International Financial Services Centres (IFSC)

SEBI vide circular No. SEBI/HO/MRD2/DCAP/CIR/P/2020/17 dated 03rd February 2020, it has been decided that   for  currency futures  and options contracts involving Indian Rupee (with settlement in foreign currency), the position limits for eligible market participants, per currency pair per stock exchange, shall be as follows:

  • Trading Members (positions on proprietary basis as well as clients’ position) – Gross open position across all contracts not to exceed 15% of the total open interest or USD 1 billion equivalent, whichever is higher.
  • Institutional Investors – Gross open position across all contracts not to exceed 15% of the total open interest or USD 1 billion equivalent, whichever is higher.
  • Eligible  Foreign  Investors  – Gross open position across all contracts not to exceed 15% of the total open interest or USD 1 billion equivalent, whichever is higher.

Other Clients – Gross open position across all contracts not to exceed 6% of the total open interest or USD 100 million equivalent, whichever is higher.

https://www.sebi.gov.in/legal/circulars/feb-2020/currency-future-and-options-contracts-involving-indian-rupee-on-exchanges-in-international-financial-services-centres-ifsc-_45886.html

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