In accordance with RBI latest regulations issued on 5th January 2024 (effective from 5th April 2024) related to exchange traded currency futures and option contracts and in concurrence with FEMA, we are putting currency derivatives segment in square off mode for NSE and BSE exchange. This proactive step ensure compliance with evolving guidelines and safeguarding our client’s interest. Rest assured we are awaiting further clarification in this regard and will intimate next course of action shortly in this regard. 

Please note that clients with open positions must square off their existing positions before 4th April 2024 (Thursday) at 11:00 AM.

For more details, kindly refer to this circular.

Update

The deadline has been extended to 3rd May 2024. For details, refer to this press release. Until further notice, no new positions will be allowed in the currency derivatives segment.