gulfnews : DGCX to launch Indian rupee options contract in September

The Dubai Gold and Commodities Exchange (DGCX) announced on Monday that it will launch Indian rupees options contract in September this year extending its rupee derivative offerings.

The new contract is scheduled for launch on September 26. The contract will be the only exchange-traded rupee options product offered to markets outside India.

Currently DGCX has rupee futures trading. The exchange had attracted huge volumes on its futures contracts. Analysts expect the availability of options trading will improve the volumes on futures contract further as it gives a hedging option to futures exposure.

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