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DGCX to launch Indian rupee futures contract
DUBAI — Dubai Gold and Commodities Exchange (DGCX) yesterday announced that it will list a futures contract on the Indian rupee in the next two months. This will be the first time in the world that an Indian rupee currency contract will be traded on an organised exchange.
"The Indian Rupee contract represents yet another addition to the growing list of 'firsts' in DGCX's short history", said Colin Griffith, DGCX Chairman and Executive Director of the DMCC, the 51 per cent owner of the exchange. "DGCX was the first futures exchange in the Middle East, DGCX currency contracts launched last June were the first exchange-traded currencies in the Middle East and now with the launch of our Indian Rupee contract we can claim a global first."
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