Relaunched Indian Rupee contract picks up on DGCX

|By TAP Staff|The re-introduced Indian Rupee Options contract is picking up on DGCX. The Indian Rupee Options contract which was re-introduced on July 18 traded 343 contracts, according to the exchange.

Indian Rupee Futures grew 22 percent from last month, while Mini Indian Rupee Futures rose 3 percent. Among the other currency pairs, British Pound, Australian Dollars and Yen Futures, grew 45 percent, 47 percent and 7 percent respectively.

Trading volumes in the Dubai Gold and Commodities Exchange (DGCX) grew 18 percent in July from previous month, trading 992,061 contracts, valued at US$ 29.95 billion.

DGCX Gold Futures traded 39,536 contracts in July, growing 15 percent year-on-year and 10 percent month-on-month. The metals segment grew 24 percent year-on-year with Silver futures witnessing year on year growth of over 300 percent.

DGCX’s BSE Sensex Futures, one of the key performers for the month, recorded the second highest ever monthly volume of 21,466 contracts, surging 441 percent year-on-year. The Indian equities futures also recorded the second highest ever monthly trade of 12,911 trades in July.