Monday, June 2, 2008

SEBI to introduce Currency Futures

The Market regulator SEBI has announced that it will introduce exchange traded currency futures in the next three months. The currency future is suggested to have a minimum price of $1,000, which would be introductory.

SEBI also pointed out that next they would be working on interest rate derivatives.

Currency futures and interest rate derivatives are financial instruments that are used to hedge financial risks. They are highly used in developed markets like the US. This is a clear sign of the Indian markets becoming more matured and advanced.

More news here!

1 comment:

Saanvi Nair said...

Sebi makes rules to help us and to control advisory which cheat us. Recently sebi has banned many illegal firms. When I started working with epic research in this field all the first thing they did is Sebi registration.