This has paved the way for the exchange to launch all contracts in currency futures, currency options, interest rate futures, equity and index derivatives. The said approval will allow members to take positions in all new contracts.
T Gnanasekar, Director of CommTrendz Research & Fund Management spoke to CNBC-TV18 about his views on the commodity space.
Net overnight rupee open position limit for Indian banks shall not include positions taken in the currency futures and options segment, the Reserve Bank of India said on Monday.
CNBC-TV18's banking editor Latha Venkatesh explains that there was such a huge buying of dollars in the currency futures market that the RBI action in the OTC market was stalled
In its order refusing licence to MCX-SX as a full-fledged stock exchange, Sebi is believed to have taken a stance opposite to its own inspection report that found the bourse in compliance with the relevant regulations.
The dollar is on a down-trend. Shreekant Jha, managing director of PJ Commodity Ventures joins CNBC-TV18 to tell investors about what to do with currency futures.
Shreekant Jha, managing director of PJ Commodity Ventures, in an exclusive interview with CNBC-TV18’s Latha Venkatesh, gave his perspective on where the Indian currency is headed and how one should trade the currency futures.