MCX sees more than $1bn daily trading in new futures currency pairs

Aggregate daily volumes for futures in three new currency pairs – euro/rupee, sterling/rupee and yen/rupee – traded on the MCX Stock Exchange in Mumbai have exceeded an aggregate $1 billion per day. The India-wide electronic platform for currency futures received clearance to broaden its offering from the Reserve Bank of India (RBI) and the Securities and Exchange Board of India – the RBI announced it would allow trading in the three new pairs on January 19 this year. The f