| From Commodityonline.com: Exchange traded Currency Futures was launched in India going by its successful track record in such overseas exchanges as the Dubai Gold and Commodities Exchange (DGCX).
The greatest advantage of currency futures is the transparency and reliability of trades, according to V Sundarraman, Senior Vice President of National Stock Exchange. Securities and Exchange Board of India has also given approval for Multi Commodity Exchange of India, country's largest commodity bourse, to begin currency futures trading...... Full Article: Source
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