The National Stock Exchange (NSE) on June 26, 2023, issued a notification regarding revised ratios for conversion of USDINR 1 million equivalent.
Please note that the revised ratio for conversion of USD 1 million equivalent is as follows:
•For USD 1 million the revised ratio is EUR 0.92 million
•For USD 1 million the revised ratio is GBP 0.80 million
•For USD 1 million the revised ratio is JPY 136.58 million
Entities shall ensure that the position across Exchanges is within the prescribed limit of USD 100 million equivalent. If the position is in excess of USD 100 million equivalent, clients shall provide disclosure of underlying exposure to the Trading Member as per existing practice.
The above ratios shall be applicable from July 28, 2023, onwards.
[Notification No. NSE/SURV/57279]
