 "The NSE is planning to replicate what is happening in China where several companies, which earlier eyed overseas listing, are now looking at the mainland.")
The National Stock Exchange (NSE) will not levy any transaction fee on the trades done in cross currency derivatives for three months starting today, in order to encourage active participation in such contracts.
The exchanges BSE and NSE - have launched trading in cross-currency futures and options (F&O) derivatives from Tuesday. The trading in such contracts would be available between 9:00 am and 7:30 pm.'
The move will help in direct hedging of foreign currency exposures as well as improving liquidity in existing currency contracts. "In order to encourage active participation in cross currency F&O contracts, it has been decided that no
