India’s currency futures market may grow by 15 per cent to 25 per cent in the next 12 months, according to NSE.
“The realization has increased that it is not only the interest rate that is a factor in an individual’s economic life but also the exchange rate,’’ Ravi Narain, chief executive officer of NSE said. “It will be a slow start,’’ with potential for daily trading volumes to reach $35 billion, he said.
“This is the appropriate time to launch currency futures as a significant segment of the market has been left exposed to exchange-rate risk for too long,’’ said Joseph Massey, chief executive officer of the Multi Commodity Exchange. MCX got approval to offer trading in the futures on August 25, but Massey declined to say when his exchange will start providing the products.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app