17 March 2018

SEBI Raises Currency Derivative Trade Limit to $100 Million

SEBI Raises Currency Derivative Trade Limit to $100 Million


Capital markets regulator SEBI raised the exposure limit under exchange-traded currency derivatives trading for residents and FPIs to USD 100 million across all currency pairs involving the Indian rupee.
The move will help entities engaged in forex transactions to maintain their currency risks in a better manner.

Source- Moneycontrol

Static/Current Takeaways Important for Exam-
  • SEBI- Securities and Exchange Board of India.
  • SEBI Chairman- Ajay Tyagi, Headquarters- Mumbai.

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