Capital markets regulator Sebi today raised the exposure limit under exchange-traded currency derivatives trading for residents and FPIs to USD 100 million across all currency pairs involving the Indian rupee. The move will help entities engaged in forex transactions to maintain their currency risks in a better manner. The decision comes after the Reserve Bank of India (RBI) in February raised these limits, beyond which market participants would be required to establish proof of underlying exposure in the currency derivatives segment.

Source - http://www.business-standard.com