(Bloomberg) -- Dubai Gold & Commodities Exchange
will tomorrow begin offering the world's first exchange-traded
futures contracts in Indian rupee, helping companies and
investors hedge against risks.
The contracts, linked to the future value of the rupee and
settled in euros, will trade in Dubai, United Arab Emirates,
David Rutledge, a director at DGCX, told reporters in Dubai
today. The market is outside the jurisdiction of India's central
bank, which places curbs on trading in the rupee, he said.
Read more at Bloomberg Currencies News
will tomorrow begin offering the world's first exchange-traded
futures contracts in Indian rupee, helping companies and
investors hedge against risks.
The contracts, linked to the future value of the rupee and
settled in euros, will trade in Dubai, United Arab Emirates,
David Rutledge, a director at DGCX, told reporters in Dubai
today. The market is outside the jurisdiction of India's central
bank, which places curbs on trading in the rupee, he said.
Read more at Bloomberg Currencies News
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