FIIs not to take up long position in IRFs: NSE

India Infoline News Service | Mumbai |

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

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.
 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.