The National Stock Exchange (NSE) will conduct live trading in currency futures from August 29.
This will be for the first time even retail investors with no exposure to foreign exchange will be able to take a call on the rupee`s movement with the dollar.
Till now, trading in foreign exchange was allowed only to banks and companies having currency exposure.
At present, trading in currency derivatives takes place among banks and corporates in the Over-The-Counter market only.
The permission given by the Reserve Bank of India and SEBI to allow trading in currency futures is part of the government`s move towards capital account liberalization.
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