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What derivatives exist in India (today) in the foreign exchange area?

April 26, 2017area derivatives exist foreign exchange India today

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What derivatives exist in India (today) in the foreign exchange area?

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India has a strong dollar-rupee forward market with contracts being traded for one, two, .. six month expiration. Daily trading volume on this forward market is around $500 million a day. Indian users of hedging services are also allowed to buy derivatives involving other currencies on foreign markets.