SGX hits records in rupee and renminbi futures

Singapore view: SGX announces record daily volumes for INR/USD and USD/CNH futures

- Iris Yeung
- 27 Sep 2017

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Futures volumes in the Indian rupee and the Chinese renminbi have soared to new daily highs on the Singapore Exchange (SGX), with USD/CNH futures printing a new record on September 8 and INR/USD on September 22.

The pick-up in volumes on the exchange has been supported by the renminbi’s growing status as an international currency, while demand for the rupee has risen due to increasing interest in investment opportunities in India and exchange rate movements resulting from investment.

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