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A voluntary organisation established on 6th July 1949, BCAS has presently more than 9,000 members from all over the country. BCAS is a principle-centered and learning-oriented organisation promoting quality service and excellence in the profession of Chartered Accountancy.
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April 2010

Currency futures in 3 more currencies

By Raman Jokhakar
Tarunkumar G. Singhal
Chartered Accountants

Reading Time 1 mins

New Page 3

SEBI has allowed exchanges
to introduce currency futures in three more currencies — euro, yen and pound.
The permitted contract sizes for euro-rupee, pound-rupee and yen-rupee are 1000
euros, 1000 pounds and 1,00,000 yen, respectively. The maximum maturity of the
contract would be 12 months. The contracts would be settled in cash in rupees.
The client-level position limit has been capped at 6% of the total open interest
position.

(Source : Business Standard, dated 20-1-2010)

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April 2010

Currency futures in 3 more currencies

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Journal

Brieficles

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April 2010

Currency futures in 3 more currencies

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Consolidated FDI Rules

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