India to launch euro, sterling and yen futures
MUMBAI – India’s exchanges have received authorisation to launch rupee futures contracts in the euro, sterling and yen, as regulators continue on a path to open up the country's currency derivatives markets.
The Securities and Exchange Board of India (Sebi) issued the authorisation last Tuesday (January 19), enabling exchanges to launch futures in the currencies with maximum tenors of 12 months. Previously, exchanges were only authorised to trade USD/INR contracts.
The expansion of futures into
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