Rupee options launch today

The RBI said the initiative comes as a part of a development of the derivatives market in India, and would add to the spectrum of hedge products available for hedging currency exposures.

The move is expected to stimulate forex demand from clients who have hitherto been restricted to hedging in forwards. It is also likely to encourage further volume growth in one of the world’s fastest growing forex markets: average daily volume in India grew from $2 billion to $3 billion between 1998