Why did my currency order get rejected with the status - "RMS:Rule: Order Value limit including square off order,Current: limit set:99999999.00 for entity account"?
The exchange has mandated position limits in currency derivatives. Check out this circular from NSE and this section on the NSE website for more information regarding this.
In Consideration of the above, we have set the following limits -
- USDINR - 14999 lots
- EURINR, JPYINR, GBPINR - 4999 lots
If you try to place opening positions for quantities beyond these limits, you will get the above rejection status.