Section 7 in The Currency Futures (Reserve Bank) Directions, 2008
7. Position limits.
- (i) The position limits for various classes of participants in the currency futures market shall be subject to the guidelines issued by the SEBI.(ii)The AD Category I banks, shall operate within prudential limits, such as Net Open Position (NOP) and Aggregate Gap (AG) limits. The exposure of the banks, on their own account, in the currency futures market shall form part of their NOP and AG limits.
