Tag: Indian Rupee

July 19, 2017 BY admin

CME announces 1st cleared Korean Won & Indian Rupee interest rate swaps

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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Cashless India
November 09, 2016 BY Valentina Kirilova

India replaces its largest bank notes with immediate effect

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…

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July 02, 2015 BY Mike Fox

SGX Rupee contracts report record smashing June numbers

Since 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.

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June 24, 2015 BY Andrew Saks-McLeod

TradeNext reduces spread on dollar rupee pair

“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

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