BRIEF-India market regulator relaxes foreign investment rules for exchange-traded
FX derivatives
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.
Source : Reuters
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