MCX has got nod from market regulator Securities and Exchange Board of India (SEBI) for futures trading in currency. 

The Multi Commodity Exchange (MCX) promoter Financial Technologies said. “MCX has received SEBI's approval for its subsidiary 'MCX Stock Exchange Ltd', which had applied for currency derivatives.” 

At present, the National Stock Exchange (NSE) is offering trading in currency derivatives. 

A joint panel of RBI and SEBI, during August 2008, had decided to bring in currency futures in stock markets in order to manage volatility in the rupee value. 

A currency future is a forex derivative contract to buy or sell one currency for another at a s particular future date at a price (exchange rate) that is fixed on the purchase date.