NSE launches exchange-traded currency futures
National
Stock Exchange (NSE) today, 20 August 2008, said it will introduce
trading in rupee futures from 29 August 2008. NSE said it would offer
currency futures contracts with maturities of up to 12 months.
Contracts will have a face value of $1000, but will be settled in
rupees based on the central bank's noon dollar/rupee reference rate on
the last business day of each month.
The market will be open from 9:00 IST to 17:00 IST, NSE said
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