The Reserve Bank of India has issued guidelines for introduction of cross currency futures and exchange traded cross currency option contracts in the currency pairs of Euro EUR -US Dollar USD , Pound Sterling GBP -USD and USD- Japanese Yen JPY. Further, exchange traded option contracts in the currency pairs of EUR-Indian Rupee INR , GBP-INR and JPY-INR have also been introduced in addition to the existing USD-INR pair.

The cross currency contracts shall enable direct hedging of exposures in foreign currencies and facilitate execution of cross-currency strategies by market participants. Authorised Dealer Category-I bank trading members may undertake trading in all permitted exchange traded currency derivatives within their Net Open Position Limit NOPL subject to limits stipulated by the exchanges for the purpose of risk management and preserving market integrity provided that any synthetic USD-INR position created using a combination of exchange traded FCY-INR and cross-currency contracts shall have to be within the position limit prescribed by the exchange for the USD-INR contract.

Reserve Bank of India - Press Releases

The related circular A. The Reserve Bank had, on September 29th, , announced the introduction of cross-currency futures and exchange traded option contracts in the Fourth Bi-monthly Monetary Policy Statement Skip to main content.

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Home About Us Notifications Press Releases Speeches Publications Annual Half-Yearly Quarterly Bi-monthly Monthly Weekly Occasional Reports Lectures Statistics Data Releases Database on Indian Economy. Press Releases kb Date: Dec 10, RBI introduces Cross Currency Futures and Exchange Traded Cross Currency Option Contracts The Reserve Bank of India has issued guidelines for introduction of cross currency futures and exchange traded cross currency option contracts in the currency pairs of Euro EUR -US Dollar USD , Pound Sterling GBP -USD and USD- Japanese Yen JPY.

The key features of the new contracts are: Sangeeta Das Director Press Release: All Months January February March April May June July August September October November December. Events Public Speaking Engagements RBI Clarifications Right to Information Act Related Links.

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