The Bombay Stock Exchange (BSE) on December 26, 2023, issued the Conversion factor for converting from USD to GBP, EURO, and YEN
The following has been stated namely: -
• This has a reference to the Exchange notice No. 20150430-20 dated April 30, 2015, & 20180403-39 dated April 03, 2018, respectively informing the trading members regarding the revision of limits relating to the requirement of underlying exposure for Currency Derivatives contracts.
• It states that the conversion factors for the purpose of monitoring the aggregate position limit of USD 100 Million across currencies viz. GBP-INR, EUR-INR, and JPY-INR have been attached
• The trading members are informed that the conversion factor from January 30, 2024, shall be as per the Table attached.
• It further states that the Conversion factor as provided in Exchange notice no. 20230925-35 shall continue to be applicable till January 29, 2024
[Notice No. 20231226-56]
