Indian FX futures gaining pace


The Securities and Exchange Board of India (Sebi) gave its approval, in principal, to the Bombay Stock Exchange (BSE) in early September to introduce currency futures, making it the third exchange to receive approval.

Sebi's permission came soon after it gave the green light to the Multi Commodities Exchange (MCX) in late August, which is now running mock trading sessions on currency futures contracts. Only the National Stock Exchange has so far gone live with currency futures, with more than 20,

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