Current Affairs · Banking & Financial Regulations
Regarding the implementation and operational limits of the Net Open Position in INR (NOP-INR) framework for financial entities, which of the following statements is/are correct? 1. The framework is applicable to Authorised Dealers and is issued under the legal authority of the Foreign Exchange Management Act (FEMA), 1999. 2. The Net Open Position in INR (NOP-INR) is defined as the aggregate sum of the total long and short rupee positions held by the dealer. 3. A strict cap of USD 100 million is enforced on the NOP-INR in the onshore deliverable market, measured at the end of each business day. 4. The primary objective of this framework is to manage exchange rate risks and maintain stability in the financial markets. Select the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 3 and 4 only✓
- 21, 2 and 4 only
- 32, 3 and 4 only
- 41 and 2 only
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1, 3 and 4 only
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