Data on the Chinese yuan notes that lifting Covid-19 restrictions earlier this year has not boosted business transactions as much previously predicted, with the yuan falling 0.1% this week. Its third-quarter gross domestic product data is due later this week, which may shed some light on China’s subdued economic growth and inflexible lending rates. Don’t…
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CME Group, the global derivatives exchange, and marketplace, today announced it has cleared two new swap currencies: the Indian Rupee (INR) Overnight Index Swaps (OIS) and Korean Won (KRW) Interest Rate Swaps (IRS). With these two new additional currencies, CME Group now offers 21 clearable OTC IRS currencies. Sean Tully, Senior Managing Director of Financial…
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Country plans to fight counterfeiting by replacing old bills with new 500- and 2,000-rupee notes In a swift move, Indian Government demonetized High Denomination currency with immediate effect. The move encourages citizens to get digitally empowered and go for cashless transactions. The new 500- and 2,000-rupee notes, worth around $7.50 and $30 respectively, will begin…
Read moreThe trade fees waiver on India Gold (DIG) and Rupee Quanto (DINRI) futures contracts is extended until December 31, 2015.
Read moreThe trade fees for trades with Mini Indian Rupee (DINRM) will be waived off from August 3, 2015 to December 31, 2015.
Read moreSince the beginning of the year, the Indian rupee has demonstrated its resilience against the US dollar, depreciating far less than other emerging-market currencies. It retreated a modest 0.94% against the US dollar year-to-date, outperforming the euro and Asian currencies.
Read more“Our decision to reduce our USD/Rupee rate is as a result of increased volumes and greater volatility we have seen over recent weeks in the emerging markets, especially in India as the nation's economy continues to swing like a pendulum" - Mohsin Jameel, CEO, Tradenext
Read moreAmid the new products on the Dubai Gold and Commodities Exchange are two new unique Indian contracts, underlining the Exchange's focus on emerging markets.
Read moreDGCX has increased its execution speed between Dubai and important global locations including Singapore, Chicago, London, Mumbai and Frankfurt with low latency solution from BSO Network Solutions
Read moreIndian Rupee Futures contract was a strong performer recording the highest monthly volume since August 2013...
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