Multiple choice

Futures trading in which of the following currencies is allowed in India as on June 30, 2010?

  1. Dollar, Yen & Euro

  2. Dollar & Euro

  3. Dollar and Pound

  4. Dollar, Euro, Yen and Pound

  5. None of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

As of June 30, 2010, futures trading was permitted in four major currencies - US Dollar, Euro, Japanese Yen, and British Pound - on exchanges like NSE and MCX-SX. This was part of India's gradual liberalization of forex derivatives. The RBI and SEBI had approved these four currencies for futures trading.

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