India exchange to debut rupee derivatives settled in US dollar

An exchange in India is preparing to launch a suite of Indian rupee derivatives, four months after the country’s central bank relaxed the rules on onshore trading of currency derivatives settled in foreign currencies. 

The move has been met with scepticism from market participants, who expect the majority of Indian rupee derivatives activity to remain offshore.

The India International Exchange is, nevertheless, hoping for a rapid rise in rupee derivatives trading on the exchange once new