Dubai Gold & Commodities Exchange: Indian Rupee Volume Hits All-Time Daily High on January 5th

Trading activity on DGCX Indian Rupee / Dollar futures is growing rapidly, with daily volume touching 12,000 contracts for the first time on January 5th, 2010. 11,968 contracts traded and notional value of USD 525.21 million. This was the second record daily volume in a row.

The Indian Rupee futures contract continues to attract more interest daily, as market participants become aware of its unique offering as the only Indian Rupee futures contract available for trading and hedging outside of India. Furthermore, the contract is cash settled based on the US Dollar reference rate published by the Reserve Bank of India on the last day of trading.