On 17 May, SEBI updated position limits for cross-currency futures and options.

  • For cross-currency futures and options contracts not involving Indian Rupee in IFSC.

Position Limits

  • Gross open position across contracts not to exceed 15% of total open interest or $1bn
  • Applies to trading members, institutional investors and the eligible foreign investors
  • Other clients must not exceed 6% of total open interest of $100m, which is higher
  • Stock exchanges to impose appropriate penalties for violation by market participants

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