Multi Commodity Exchange of India platform launches India’s first options contract on copper futures

The Multi Commodity Exchange of India Ltd. (MCX) has launched the India’s first options contract on copper futures on May 21, 2018. The option contract will provide physical market participants an additional instrument to hedge their risk. Currently, June, August ..

Tags: Commodity • Commodity markets • Exercise • Finance • Financial law

RBI raises currency derivative trade limit to how much amount for residents and foreign portfolio investors

The Reserve Bank of India (RBI) has raised exposure limit under Exchange Traded Currency Derivatives (ETCD) trading for residents and foreign portfolio investors (FPIs) to $100 million across all currency pairs involving the Indian rupee. The RBI’s decision to raise ..

Tags: Currency pair • Derivative • Finance • Financial law • Financial markets

MCX launches India’s first commodity options in gold

The Multi-Commodity Exchange of India Ltd (MCX) has launched India’s first commodity options in gold and gave stakeholders a new set of financial instruments to hedge their price risks. It is launched by Union Finance Minister Arun Jaitley in New ..

Tags: Business law • Contract law • Financial law • Financial markets • Financial risk

RBI extends flexibility on FX forward contracts

The RBI has extended the relaxation of cancelling and re-booking of forward contracts with tenures of more than 1 year, for companies and exporters to hedge their FOREX transactions.

Tags: Foreign exchange market • Hedge • Market risk

Month: Current Affairs - July, 2012