Exchanges converge on INR/USD futures to boost Indian rupee

- By Robert Mackenzie Smith
- 28 Jan 2013

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Trading in the Indian rupee looks set to rise during 2013 as both CME Group and IntercontinentalExchange (Ice) have this month launched INR/USD futures, moving the Indian currency a step further towards being more fully accessible to market participants. Ice launched the contract on January 22 and CME is expected to begin trading today.

Up until now, only the Dubai Gold and Commodities Exchange had regulatory approval to trade INR/USD futures outside India. Indian rupee futures on the exchange

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