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June 2012

A.P. (DIR Series) Circular No. 123, dated 10-5-2012 — Risk Management and Inter-Bank Dealings.

By Gaurang Gandhi, Chartered Accountant
Reading Time 1 mins
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This Circular provides that the intra-day open position/ daylight limit of authorised dealers will be five times the Net Overnight Open Position Limit available to them or the existing intra-day open position limit as approved by RBI, whichever is higher, for positions involving Rupee as one of the currencies.

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A.P. (DIR Series) Circular No. 122, dated 9-5-2012 — Risk Management and Inter-Bank Dealings.

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