Sebi tightens rupee derivative norms to align with RBI's $5 million threshold
FROM THE WIRE · LIVEMINT.COM
Under the revised framework, domestic clients and FPIs can take long or short positions of up to $5 million in notional value, outstanding at any point, across all currency pairs involving the rupee and all recognised stock exchanges combined, without having to establish an…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralTighter limits on rupee currency derivative positions may reduce liquidity in India's FX market.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The revised framework allows long or short positions up to $5 million notional.
- 02The limit applies across all rupee currency pairs and recognised exchanges combined.
- 03No underlying exposure is required.