The Securities Exchange Board of India through circular dated September 07, 2021 has revised the client level position limits of per stock exchange as follows:
- USD-INR: Gross open position across all contracts shall not exceed 6% of the total open interest or USD 20 million, whichever is higher.
- EUR-INR: Gross open position across all contracts shall not exceed 6% of the total open interest or EUR 10 million, whichever is higher.
- GBP-INR: Gross open position across all contracts shall not exceed 6% of the total open interest or GBP 10 million, whichever is higher.
- JPY-INR: Gross open position across all contracts shall not exceed 6% of the total open interest or JPY 400 million, whichever is higher.
The revised position limits shall also apply to Non Resident Indians (NRIs) and Category II FPIs that are individuals, family offices, and corporates and not for Category I FPIs and Category II FPIs (other than individuals, family offices, and corporates).
