Wednesday October 13 2021
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: India
Link: https://bit.ly/3AxnGAZ
On 11th October 2021, National Stock Exchange of India (NSE) launched weekly futures contracts on the US Dollar – Indian Rupee (USD-INR) currency pair in the currency derivatives segment.
The first day witnessed participation from 122 trading members, with volumes of 1.43 lakh contracts being traded worth Rs. 1,079.6 crores at the end of the day in the weekly futures contracts of USD-INR. Overall, USD-INR currency derivatives on NSE, witnessed volumes of 101.6 lakh contracts worth Rs 23,667 crores.
The launch of weekly futures on US Dollar – Indian Rupee currency pair, will only complement the existing currency derivatives product suite and will further help in deepening the market and expected to give a boost to the existing weekly options contracts available on USD-INR currency pair.
In addition to the USD-INR currency pair, NSE also facilitates trading in cash settled futures and options on 3 other FYCINR pairs – EUR-INR, GBP-INR and JPY-INR and 3 cross currency pairs – EUR-USD, GBP-USD and USD-JPY.
Click on the above link for further information
