Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Forex »
Open DEMAT Account in 24 hrs
 Perils of an ad hoc forex policy
 Rupee depreciated by 17 paise to Rs 45.62 a dollar in early trade
 Rupee strengthened by 7 paise against dollar
 Rupee up by 4 paise against dollar in early trade
 Rupee falls by 18 paise at 4-week low against dollar
 Rupee drops on weak shares; inflation eyed
 Rupee raises 6 paise against dollar in early trade
 Rupee among most traded in futures market
 Indian rupee gain 12 paise against US dollar
 Rupee marginally rise up by 1 paise against US dollar
 Rupee drops tracking euro, choppy shares

More forex futures will help hedging: Traders
January, 20th 2010

The Reserve Bank of India (RBI) on Tuesday allowed the introduction of currency futures in euro, yen and pound sterling, a move dealers said would improve liquidity in the derivatives market.

The approval will expand the currency futures trading from the dollar-rupee contracts that was started in 2008, and will help participants hedge their risks in more currencies.

"This will improve liquidity further and facilitate price discovery better for non-dollar pairs," said R K Gurumurthy, head of treasury at ING Vysya Bank.

The RBI had said in its policy review in October last year that market participants were asking for futures contracts in major currency pairs.

"It will help exporters and importers to hedge their cross currency flows," said a dealer at a foreign bank.

The daily volume in the dollar-rupee futures market is around $6 billion to $7 billion.

Dealers said it would take some time for trading to pick up in other currency pairs because they would have to study the pricing of these derivatives.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting