Revised Position Limits for Currency Derivatives Contracts

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..... based on the recommendation from RBI, it has been decided to enhance the gross open position limits for bank stock brokers as authorized by RBI. 2. Accordingly, it has been decided to revise the position limit per stock exchange for bank stock brokers with respect to the currency pair USD-INR. Therefore, the para 12 (a) of the SEBI Circular No. CIR/MRD/DP/20/2014 dated June 20, 2014, as modifi .....

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..... horised to have enhanced position limits as per para 2 above. 4. All other conditions as specified vide earlier SEBI circulars shall remain unchanged. 5. Stock exchanges are directed to: i. take necessary steps and put in place necessary systems for implementation of the circular, including necessary amendments to the relevant bye-laws, rules and regulations. ii. bring the provisions o .....

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