Dubai exchange to trade Indian rupee futures

Filed on April 11, 2007

DUBAI - Dubaiís futures exchange said on Wednesday it would begin trading Indian rupee contracts within two months.

The Dubai Gold and Commodities Exchange launched the Middle Eastís first currency futures in June, trading euro-dollar, yen-dollar and sterling-dollar contracts.

Each rupee-dollar contract will represent two million rupees. Prices will be quoted in US cents per 100 Indian rupees.

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