Sebi tightens rupee derivative norms to align with RBI's $5 million threshold

What happened: Sebi imposed a uniform $5 million limit on outstanding rupee currency derivative positions that domestic clients and FPIs can hold across currency pairs and exchanges without an underlying exposure, aligning with RBI's 10 October thresholds. Key numbers: $5 million aggregate limit without underlying exposure. Why it matters: The move brings all rupee-related currency pairs under a single aggregate limit rather than treating individual contracts separately. Exchanges and clearing corporations must amend rules and inform stockbrokers and clearing members.

Sebi imposed a uniform $5 million limit on outstanding rupee currency derivative positions that domestic clients and FPIs can hold across currency pairs and exchanges without an underlying exposure, aligning with RBI's 10 October thresholds.

The move brings all rupee-related currency pairs under a single aggregate limit rather than treating individual contracts separately. Exchanges and clearing corporations must amend rules and inform stockbrokers and clearing members.