This is in continuation to Exchange notice No. 20150430-20 dated April 30, 2015 informing the trading members regarding;
· SEBI circular bearing no. CIR/MRD/DP/04/2015 dated April 08, 2015 revising the limits for trading in Currency Derivatives Segment
· Conversion factors for the purpose of monitoring the aggregate position limit of USD 5 Million across currencies viz. GBP-INR, EUR-INR and JPY-INR.
The trading members are now informed that the conversion factor from October 27, 2016 is as follows;
|
Currency
|
Conversion Factor
|
|
USD to EURO
|
0.90
|
|
USD to GBP
|
0.76
|
|
USD to JPY
|
102.45
|
Based on the aforementioned conversion factor, Client/FPI can take positions up to Euro 4.50 million in EUR-INR OR GBP 3.80 million in GBP-INR OR JPY 512.25 million in JPY-INR.
The Conversion factor as provided in Exchange notice no. 20160627-29 shall continue to be applicable till October 26, 2016.
In case, trading members require any clarification, they may please contact any of the following officials Ms. Anish Nair (022 – 2272 5002), Ms. Zarana Shah (022-22725092).
For & on behalf of BSE Ltd.
Sachin Shinde Yogendra Daxini
Asst. General Manager Senior Manager
Surveillance Surveillance
Date: September 27, 2016
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