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The Reserve Bank of India (RBI) has liberalised the norms for taking position in exchange-traded currency derivatives.
It raised the ceiling on domestic investors as well as foreign portfolio investors for rupee/dollar pair to $15 million from $10 million.
RBI has also permitted domestic and foreign investors to take short and long positions in the pound/rupee, euro/rupee and yen/rupee pairs, with an overall ceiling of $ 5 million.
Besides that the central bank has rationalised the documentation requirement for importers and exporters.
And, the regulator raised the eligible limit for importers hedging contracted exposure.
