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India exchange to debut rupee derivatives settled in US dollar

Launch of onshore futures and options unlikely to dent offshore volumes, though

Hawa Mahal or Palace of Winds - Jaipur - India - Getty.jpg

An exchange in India is preparing to launch a suite of Indian rupee derivatives, four months after the country’s central bank relaxed the rules on onshore trading of currency derivatives settled in foreign currencies. 

The move has been met with scepticism from market participants, who expect the majority of Indian rupee derivatives activity to remain offshore.

The India International Exchange

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