RBI releases details of rupee futures plans
An internal report into futures released on April 28 said "while attracting liquidity through product innovation was a feature of the competitive markets, in the initial phase, a standardised product would invite greater participation and add to the liquidity of futures markets".
The report also recommended the introduction of a similar euro-rupee future contract six months after an exchange has been established.
The futures were proposed by the RBI last year to provide an new hedging tool in
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