India cbank relaxes foreign investment norms for exchange-traded FX derivatives

  • Reuters
  • Stock Market News
India cbank relaxes foreign investment norms for exchange-traded FX derivatives
Credit: © Reuters.

MUMBAI, March 31 (Reuters) - India's central bank relaxed rules for foreign investors in exchange-traded currency derivatives by increasing the trading limits allowed without an underlying exposure for the USD/INR INR=D2 pair to $15 million per exchange from $10 million earlier.

The Reserve Bank of India also said that foreign portfolio investors can take long or short positions of up to $5 million in Euro/INR, GBP/INR , JPY/INR pairs in exchange traded derivatives.

The central bank also permitted importers to hedge up to 100 percent of their eligible limit in the exchange-traded market compared with 50 percent earlier.

For the link, see: http://bit.ly/19Fcd5R

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