| From Livemint.com: India hits the button on its first exchange-traded rupee futures on Friday as part of its push to develop more sophisticated markets and hedging tools, and to beat back a fading challenge from an offshore competitor in Dubai.
Market players expect a steady rather the spectacular start when the National Stock Exchange (NSE) launches rupee futures, as investors overcome tight rules and lack of experience. The contract size is $1,000, compared with 12.5 million Japanese yen ($115,000) or 100,000 Australian dollars ($86,000), for a single contract on the Chicago Mercantile Exchange..... Full Article: Source
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