The export of Indian markets is almost going undetected
SGX's attracts large investors compared to Indian markets where the proportion of traders is higher.
IntercontinentalExchange Inc. and CME Group Inc., among the world’s largest futures exchanges, will launch rupee-dollar futures contracts this month. This clearly shows the growing importance of the rupee in the global currency market. A little over two years ago, Bank for International Settlements (BIS) released its triennial central bank survey on foreign exchange and derivatives market activity, which pointed out that about half of the dollar-rupee market was overseas.