The announcement comes after NSE, earlier this week, received Sebi's approval for introducing cross-currency derivatives (future and options) on pairs such as Euro (EUR)-US Dollar (USD), Pound Sterling (GBP)-USD and USD-Japanese Yen (JPY).
It has also obtained permission to introduce option on EUR-INR, GBP-INR and JPY-INR, in addition to existing USD-INR options.
Additionally, the regulator has allowed trading in cross-currency derivatives contracts for a longer period between 9:00 am and 7:30 pm.
In a circular issued today, NSE said it will introduce cross- currency futures and options contracts from February 27.
The measure will help companies to hedge their forex exposure and increase liquidity in markets.
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