Mumbai: India’s National Stock Exchange (NSE) and Japan Exchange Group signed a letter of intent to lay the groundwork for the launch of yen-denominated Nifty index futures trading on the Osaka Securities Exchange (OSE), the bourse operators said in a statement on Thursday.

The two exchanges will make preparations for the listing of S&P CNX Nifty futures by March 2014, when OSE is expected to finish its derivatives markets integration with the Tokyo Stock Exchange, the statement said.

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