The Indian rupee is going to get the futures contract soon. The Dubai Gold and Commodities Exchange will list a futures contract on the Indian rupee in mid-June.
DGCX, the first exchange in the world to trade a rupee derivative, already trades in three currency contracts such as euro/US dollar, pound sterling/US dollar and Japanese yen/US dollar.
In addition, the Dubai-based exchange, promoted by India's leading commodity bourse - the Multi-Commodity Exchange - in collaboration with the Dubai Multi Commodity Centre trades in three commodities futures contracts such as gold, silver and fuel oil.
"The DGCX rupee contract can be viewed as a natural extension of the non-deliverable forward inter-bank
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