From NDTV
Center-Right Owned by Adani Group (AMG Media)SEBI Eases Currency Derivatives Rules, Sets $5 Million Limit
What's behind this
SEBI will allow mutual fund schemes to net fund obligations arising from outright purchase and sale transactions in the cash market starting April 1, 2027, under a new framework aimed at reducing temporary funding requirements, improving liquidity management and boosting operational efficiency for asset management companies.
AI-generated overview from 2 outlets. It summarises their reporting and adds no reporting of its own.
What each side is saying
One outlet's own words from each side of the spectrum. Quoted, not summarised.
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center · 1 outlet
SEBI on Thursday revised its accredited investor framework, allowing fund and portfolio managers to directly determine investors' accreditation status while introducing securities market exposure thresholds of Rs 5 crore and Rs 20 crore for different categories of investors.
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right · 2 outlets
Under the revised framework, domestic clients and FPIs can take long or short positions of up to $5 million in notional value, outstanding at any point, across all currency pairs involving the rupee and all recognised stock exchanges combined, without having to establish an underlying exposure.
— Livemint
RSS excerpt
Domestic clients can take unhedged Indian ruppe currency positions beyond $5 million as subject to RBI's prescribed conditions.
