Finance Minister, India launches F&O contracts to raise the economy

Finance Minister indiaFinance Minister Nirmala Sitharaman ON Friday launched Rupee-Dollar Futures and Options contracts on BSE’s India INX and NSE’S NSE- IFSC exchanges. Launching it at the GIFT- IFSC, the INR- USD contracts will be a step to bring back the financial services market that had shifted to the international financial centers.

Bringing back the business in the country, India’s economy will positively benefit from it. Since GIFT- International Financial Service Center (IFSC) is an excellent business platform, the availability of INR- USD contracts for 22 hours across all time zones is likely to attract huge volumes of global participation in India.

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