BSE currency futures face uncertainty in 'overcrowded' market

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The new currency futures launched by the Bombay Stock Exchange (BSE) on November 29 may fail to attract necessary broker interest in a low volume market, according to market participants. The BSE's launch of its suite of currency futures this year – including the dollar, euro, yen and pound – meant it became the third exchange in India to offer these products after the National Stock Exchange (NSE) and the Multi Commodity Exchange (MCX). The currency futures market in India has se