Sebi restores USD-INR contracts to pre July 08, 2013 rates

Sebi has decided to restore the margins for USD-INR contracts to pre July 08, 2013 rates. This is in partial modification to the circular issued by Sebi on July 08, 2013, where it had increased the initial margins and extreme loss margins by 100% for USD-INR contracts in the currency derivatives segment, in consultation with RBI.

Thus, Stock Exchanges are directed to take necessary steps to put in place systems for implementation of the circular, including necessary amendments to the relevant byelaws, rules and regulations; if any.

The provisions of this circular will be implement with effect from April 15, 2014.

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