The National Stock Exchange (NSE) on December 26, 2024, issued the notification regarding the Revised ratios for conversion of USDINR 1 million equivalent.
The following has been stated namely: -
• The revised ratio for conversion of USD 1 million equivalent is as follows: -
o USD 1 million – EUR 0.93 million
o USD 1 million – GBP 0.78 million
o USD 1 million – JPY 151.56 million
• Entities shall ensure that the position across Exchanges is within the prescribed limit of USD 100 million equivalent.
• If position is in excess of USD 100 million equivalent, clients shall provide disclosure of underlying exposure to Trading Member as per existing practice.
This shall come into force on January 30, 2025.
[Notification No. NSE/SURV/65794]
