Currency Derivatives

The central bank deferred exposure rules implementation until May 3 amid investor concerns

Das reiterated that there have been no changes to RBI's policy, emphasising that the necessity of underlying exposure has always been a fundamental aspect

As per the weekly Fibonacci chart, the Rupee can depreciate to 82 - 82.20 - 82.40 during the week. However, in case the currency sustains below 81.55-level a corrective move to 80.50 seems possible.

The central bank reduced the official rate to 1,450 dinar per dollar, the first devaluation since 2003. That's from about 1,190 previously. Dollars will be resold to local banks at 1,460 dinar apiece

All weekly options contracts will expire on Friday

Traders keen on liquidity are likely to migrate to NSE, cost conscious ones may move to BSE

There would be 12 monthly standardised futures contracts of cross-currencies

The exchange has increased the transaction charge to Rs 12 per Rs 1 crore of turnover on both active and passive trades done on its currency future contracts