BSE to launch Rupee Future from October 1; While MCX in progress

BSE to launch Rupee Future from October 1; While MCX in progressThe Bombay Stock Exchange, the country's oldest exchange will launch exchange-traded rupee futures on October 1.

Last month, the National Stock Exchange of India kicked off exchange-traded currency futures trading for the first time in India.

The leading commodity bourse MCX Stock Exchange Ltd has also received an in-principle approval from the SEBI for the launch of exchange-traded currency futures.

Apart from this, Multi Commodity Exchange of India (MCX) is also planning to re-launch Aviation Turbine Fuel (ATF) futures in October, with a few modifications in the contract specification.

The exchange, which launched ATF futures in July, has approached the market regulator Forward Markets Commission (FMC) for its nod to the changes it required in the contract.

Aviation Turbine Fuel (ATF) or jet fuel is a specialized type of petroleum-based fuel used to power aircraft. It is generally of a higher quality than fuels used in less critical applications such as heating or road transport.

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