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      Question

      RBI recently raised currency derivative trading limit

      to:
      A $ 30 mn Correct Answer Incorrect Answer
      B $ 50 mn Correct Answer Incorrect Answer
      C $ 75 mn Correct Answer Incorrect Answer
      D $ 100 mn Correct Answer Incorrect Answer
      E $ 125 mn Correct Answer Incorrect Answer

      Solution

      Ans- D, The Reserve Bank of India has raised the limit under exchange traded currency derivatives (ETCD) trading for residents and foreign portfolio investors (FPIs) to $100 million across all currency pairs involving the Indian rupee.

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