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Business News/ Money / Sebi permits currency futures in euro, pound
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Sebi permits currency futures in euro, pound

Sebi permits currency futures in euro, pound

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Mumbai: The Securities and Exchange Board of India (Sebi) on Tuesday extended the currency futures platform on exchanges for hedging exposure in pairs of euro-rupee, yen-rupee and pound-rupee, in addition to the existing US dollar-rupee. The Reserve Bank of India also announced amendments to existing norms to allow contracts in such currency pairs.

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ABOUT THE AUTHOR
Anirudh Laskar
Anirudh reports on significant corporate matters including large mergers and acquisitions, India's emerging e-commerce sector and regulatory issues in the corporate and financial services industry. Over the past 17 years, he has covered many beats including banking, NBFCs, aviation, automobile, insurance, markets, SEBI, IRDAI, mutual funds, investment banking, private equity, deals, and conglomerates.
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Published: 19 Jan 2010, 10:48 PM IST
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