As of October 2024, the Securities and Exchange Board of India (SEBI) raised the position limit for trading members in index futures and options contracts to what amount, or 15\% of the total open interest, whichever is higher?

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**Solution:**

1. The Securities and Exchange Board of India (SEBI) periodically revises position limits to regulate market exposure and risk.

2. As per the latest update in October 2024, SEBI raised the position limit for trading members in index futures and options contracts.

3. The new position limit is set at ₹7,100 crore or 15\% of the total open interest, whichever is higher.

4. This move aims to provide greater flexibility to trading members while ensuring market stability.

**Answer:** ₹7,100 crore

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