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Currency derivatives platform by BSE launched
Nov 29, 2013

The Bombay Stock Exchange - BSE has launched a platform for trading in currency and interest rate derivatives.

Currency derivative contracts allow investors to take position on change in the foreign exchange rates between pairs of two currencies, such as rupee and dollar. The currency futures trading would be commenced on the contracts on US Dollar-Indian Rupee, Euro- Indian Rupee, British Pound-Indian Rupee and Japanese Yen- Indian Rupee.

The exchange will not levy any transaction charge on trades done in the currency derivatives segment for the first six months. BSE currency segment will allow trading on all week days between 9 am and 5 pm barring the day of expiry of contract.

Other stock exchanges present in the currency futures segment are -- National Stock Exchange (NSE), MCX-SX and United Stock Exchange (USE). 


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