The National Stock Exchange (NSE) on June 25, 2024, notified regarding the Revised ratios for conversion of USDINR 1 million equivalent.
The following has been stated:
• The revised ratio for conversion of USD 1 million equivalent is as specified in the Table.
• The 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 entities have to ensure that their positions remain within the limit prescribed in para 5 of Exchange circular no NSE/SURV/29575 dated April 29, 2015.
• The above ratios shall be applicable from July 30, 2024, onwards. The conversion factor as provided in Exchange circular no. NSE/SURV/61290 dated March 22, 2024, and shall continue to be applicable till July 29, 2024.
Kindly find the Table provided with this document attached to the document.
[Notification No NSE/SURV/62594]
