Mumbai– The Bombay Stock Exchange (BSE) on Friday said it will launch “Weekly Dollar-Rupee Futures & Options Contracts” on July 30.
According to BSE, the move will help increase liquidity in the market.
Currently, monthly contract are available on all approved currency pairs including “USDINR” currency pair.
“The introduction of new products will allow entities like corporates, foreign portfolio investors and non-resident Indians to participate and to take positions in the exchange traded currency derivatives markets,” BSE’s MD and CEO Ashishkumar Chauhan was quoted as saying in a statement.
“The move will help also companies to hedge their forex exposure and increase liquidity in the markets.” (IANS)