BRIEF-India market regulator relaxes foreign investment rules for exchange-traded FX derivatives

  • Reuters
  • Stock Market News
BRIEF-India market regulator relaxes foreign investment rules for exchange-traded FX derivatives

April 8 (Reuters) - Securities and Exchange Board of India (SEBI):

* India market regulator relaxes rules for foreign investors to trade in currency futures.

* Says FIIs can take long and short positions in currency futures market up to $15 million in USD/INR pair without underlying exposure.

* Says FIIs can take long/short positions up to a combined $5 million in EUR/INR , GBP/INR , JPY/INR pairs without underlying exposure.

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