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Indian regulator approves first currency option
27 April 2010
India’s central bank, the Reserve Bank of India, has approved the introduction of the country’s first currency option, a rupee/ US dollar contract.
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[RBI]
[SEBI]
[MCX]
[NSE]
[rupee]
[options]
The decision comes amid the regulator’s commitment to the further liberalisation of the country’s derivatives market by allowing interest rate derivatives to be traded in the future.
The central bank said it approved the introduction of currency options “to expand the menu of tools for hedging currency risk”.
India’s second financial regulator, the Securities and Exchange Board of India, must finalise the...
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