Relaxation in Rules for Foreign Investors in Exchange Traded Currency Derivatives

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..... Relaxation in Rules for Foreign Investors in Exchange Traded Currency Derivatives - News and Press Release Dated:- 8-5-2015 - News - In terms of Reserve Bank of India s A.P. (DIR Series) Circular .....

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..... No. 91 dated march 31, 2015 and SEBI s CIR/MRD/DP/04/2015 dated April 8, 2015 following relaxations have been made: Foreign Portfolio Investors (FPIs) have been allowed to take positions (long a .....

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..... s well as short) in USD-INR pair up to USD 15 million per exchange in the Exchange Traded Currency Derivative (ETCD) segment. Further, they have also been permitted to take long (bought) as well .....

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..... as short (sold) positions in EUR-INR, GBP-INR and JPY-INR pairs, all put together, up to USD 5 million equivalent per exchange. Beyond the above limits, FPIs can take long position in any exchang .....

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..... e to hedge the underlying exposure. This was stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Lok Sabha today. - News - Press release .....

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..... - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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