| Coccinielo: the rupee options market is “going to get very deep and more liquid” |
Rupee currency options have started trading for the first time under new guidelines from the Reserve Bank of India. The move comes as part of a series of efforts to develop Indian derivatives markets.
Nine market-makers – five local and four foreign – are permitted to sell the instruments. But hedge funds need not get too excited – the new products have been tailored to serve as a useful hedge against risk for local corporates rather than as a speculative tool.
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