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FIIs not to take up long position in IRFs: NSE

FIIs can't take long position till the overall long position of FII's in cash and IRF comes below 85% of existing permissible limit, NSE says

June 10, 2014 1:30 IST | India Infoline News Service
The NSE today have asked foreign institutional investors (FIIs) not to take up long positions in the interest rate futures (IRFs).
As per debt utilisation status available on NSDL the total investment in Government Debt (Auction) has reached INR 92,394 Crores on June 9, 2014 (i.e. 92.82 % of total permitted limit of INR 99,546 Crores), NSE said in a circular.
FIIs are advised not to increase their long position in IRF till the time the overall long position of FII's in cash and IRF comes below 85% of existing permissible limit, NSE added.

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