{"id":7839,"date":"2020-05-11T14:48:49","date_gmt":"2020-05-11T09:18:49","guid":{"rendered":"https:\/\/triumphias.com\/blog\/?p=7839"},"modified":"2020-05-11T14:48:49","modified_gmt":"2020-05-11T09:18:49","slug":"rupee-dollar-futures-and-options-contracts","status":"publish","type":"post","link":"https:\/\/triumphias.com\/blog\/rupee-dollar-futures-and-options-contracts\/","title":{"rendered":"Rupee-Dollar Futures and Options contracts"},"content":{"rendered":"<section class=\"hero-section\" data-type=\"type-1\" data-alignment=\"left\">\n<header class=\"entry-header\">\n<h2 class=\"page-title\">\u00a0Relevance: Prelims: Economy<\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/EXeeB6PUcAAxZxi.jpg\" alt=\"Trading in Indian Rupee - US Dollar, Futures &amp; Options Contracts ...\" \/><\/p>\n<p><strong>Why in news?<\/strong><\/p>\n<\/header>\n<\/section>\n<div class=\"entry-content\">\n<p>\u2022 Union Finance Minister launched INR-USD (Rupee-Dollar) Futures and Options contracts on the two International Exchanges, BSE\u2019s India INX and NSE\u2019s NSE-IFSC, at GIFT International Financial Services Centre in Gandhinagar.<\/p>\n<p><b>About:<\/b><\/p>\n<p>\u2022 Over the last decade, a significant market share in financial services related to India has moved to other international financial centres. Bringing this business to India is clearly beneficial in terms of economic activity and employment gains for India.<\/p>\n<p>\u2022 The launch of INR-USD contracts at the exchanges in GIFT-IFSC is a step in this direction.<\/p>\n<p>\u2022 This will be available 22 hours across all time zones for all global participants from GIFT IFSC.<\/p>\n<p>\u2022 Given the world class business environment and competitive tax regime at GIFT-IFSC, it is expected that trading of INR-USD contracts may bring volumes to India. <span style=\"color: #ff0000;\"><strong>This would also bring larger global participation in India through IFSC and connect India\u2019s IFSC globally.<\/strong><\/span><\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #0000ff;\"><strong>For more such notes, Articles, News &amp; Views Join our Telegram Channel.<\/strong><\/span><\/p>\n<p><a title=\"Telegram Link\" href=\"https:\/\/t.me\/triumphias\" target=\"_blank\"><span style=\"color: #ff0000;\"><strong>https:\/\/t.me\/triumphias<\/strong><\/span><\/a><\/p>\n<p><span style=\"color: #0000ff;\"><strong>Click the link below to see the details about the UPSC \u2013Civils courses offered by Triumph IAS.<\/strong> <\/span><span style=\"color: #ff0000;\"><strong><a style=\"color: #ff0000;\" title=\"Courses available\" href=\"https:\/\/triumphias.com\/pages-all-courses.php\">https:\/\/triumphias.com\/pages-all-courses.php<\/a><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Relevance: Prelims: Economy Why in news? \u2022 Union Finance Minister launched INR-USD (Rupee-Dollar) Futures and Options contracts on the two<\/p>\n","protected":false},"author":1,"featured_media":7214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[123],"tags":[392],"class_list":["post-7839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs","tag-union-public-service-commission-upsc"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/7839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/comments?post=7839"}],"version-history":[{"count":1,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/7839\/revisions"}],"predecessor-version":[{"id":7840,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/7839\/revisions\/7840"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/media\/7214"}],"wp:attachment":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/media?parent=7839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/categories?post=7839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/tags?post=7839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}