Sebi Allows Domestic, FPI Investors to Trade Currency Derivatives Up to $5 Million
Sebi has updated its regulations permitting domestic and foreign portfolio investors (FPIs) to hold positions in currency derivatives up to USD 5 million without needing underlying exposure. FPIs must ensure their short positions do not exceed this limit. For positions beyond USD 5 million, FPIs are required to have underlying exposure in Indian debt or equity securities.
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