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Risk Management and Inter-bank Dealings: Revised Position Limits for Foreign Portfolio Investors (FPIs) in the Exchange Traded Currency Derivatives (ETCD) market

FEMA - 91 - Dated:- 31-3-2015 - RBI/2014-15/527 A.P.(DIR Series) Circular No. 91 Mar 31, 2015 To All Category - I Authorised Dealer banks Madam / Sir, Attention of Authorized Dealers Category - I (AD Category - I) banks is invited to the Foreign Exch .....

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pation of Foreign Portfolio Investors (FPIs) in the ETCD market. Increase in limits without establishing underlying exposure 2. Presently, FPIs can take position - both long (bought) as well as short(sold) - in foreign currency up to USD 10 million o .....

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ht) as well as short (sold) positions in EUR-INR, GBP-INR and JPY-INR pairs, all put together, upto USD 5 million equivalent per exchange. These limits shall be monitored by the exchanges and breaches, if any, may be reported. For the convenience of .....

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