News update : SBI to increase lending rates to cover the probability of rising bad loans from unhedged currency exposure and higher foreign-currency yields SEBI (to curb rupee speculation) Curtails position limits and increase margin requirements for currency derivatives. Initial and extreme loss margins shall be increased by 100 percent. Gross open position at client level across all contracts not to exceed 6 percent of total open interest (OI) or USD 10 million . Gross open position for non-bank trading member shall not exceed 15 percent of total OI or USD 50 million
Posted on: Tue, 09 Jul 2013 05:18:12 +0000
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