Sebi Aligns Rupee Derivative Limits With RBI's $5 Million Cap
Sebi has tightened its norms on rupee derivatives to match the RBI's $5 million limit. Under the revised framework, domestic clients and FPIs can hold long or short positions up to $5 million in notional value, across all currency pairs involving the rupee.
Context
Context: Sebi is India's market regulator, and the RBI is the central bank that sets currency rules. Rupee derivatives are contracts whose value depends on the rupee's exchange rate, so matching the two limits keeps the rules consistent.
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