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Currency Futures To Aid Brokers

08-27-2008

People & Companies in the News

Considerable interest is being generated by the impending launch of the rupee futures in India, reports Sify.com.

The National Stock Exchange has already started mock trading that has attracted more than 300 participants including banks and is slated to launch the product from August 29.

Multi-commodity Exchange and Bombay Stock Exchange are also expected to begin trading in rupee futures soon.

Stock brokers, who are allowed to act as an intermediary in this segment are likely to see a significant growth in their turnover once the rupee futures are launched.

For the complete story, click here.

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