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.