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Mini rupee contract from DGCX
DUBAI - The Dubai Gold and Commodities Exchange, or DGCX, has launched a Mini Indian Rupee Futures Contract in a bid to further expand the reach of its Indian rupee product offering.
The first of its kind to be introduced in the region and outside of India, the mini contract is 1/10 the size of the existing DGCX Indian rupee futures contract.
The smaller size will support retail remitters, individual investors and small- and medium-sized businesses in cost-effectively managing currency risk exposure to the rupee.
The new contract is priced at Rs200,000 per lot compared to Rs2 million per lot for the existing regular DGCX Indian rupee contract.
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