Position Limits for Currency Derivatives Contracts

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..... eign Portfolio Investors (FPI) through their DDPs Madam/Sir, Subject Position Limits for Currency Derivatives Contracts 1. SEBI vide circular CIR/MRD/DP/20/2014 dated June 20, 2014 inter alia prescribed the position limits in permitted currency pairs. Based on feedback received from Stock Exchanges/ Clearing Corporations and upon a review of the same, it has been decided to revise t .....

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..... nterest or JPY 400 million, whichever is higher. 2. The revised position limits shall also apply to Non Resident Indians (NRIs) and Category II FPIs that are individuals, family offices, and corporates. The circular(s) SEBI/HO/MRD/DP/CIR/P/2017/63 dated June 28, 2017 and CIR/MRD/DP/20/2014 dated June 20, 2014 read with SEBI circular IMD/FPI C/CIR/P/2019/124 dated November 0 .....

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..... ies and Exchange Board of India Act, 1992 , to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market. 7. This circular is available on SEBI website at www.sebi.gov.in under the category Circulars . Yours faithfully, Sudeep Mishra General Manager Market Regulation Department E-mail: [email protected] .....

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