Currency Derivatives
Stock markets closed: BSE, NSE shut trading across segments for Christmas
The closure applies to equity, equity derivatives, SLB, and currency derivatives segments. Commodity markets will also remain shut during both morning and evening sessions
 "Stock markets closed: BSE, NSE shut trading across segments for Christmas")
Currency derivatives volumes plunge significantly on RBI exposure norms
The central bank deferred exposure rules implementation until May 3 amid investor concerns
 "Currency derivatives volumes plunge significantly on RBI exposure norms")
No change in policy, some 'misusing' currency derivatives norms: RBI
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
 "No change in policy, some 'misusing' currency derivatives norms: RBI")
Analysts see Rupee hitting 85 levels; Fibonacci charts, too, show weakness
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.
 "Analysts see Rupee hitting 85 levels; Fibonacci charts, too, show weakness")
Iraq devalues its currency by 20% against the dollar as oil hits profits
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
 "Iraq devalues its currency by 20% against the dollar as oil hits profits")
NSE to launch weekly dollar-rupee derivatives contracts on December 3
All weekly options contracts will expire on Friday
 "NSE to launch weekly dollar-rupee derivatives contracts on December 3")
New $100 million limit to give NSE the edge in currency derivatives
Traders keen on liquidity are likely to migrate to NSE, cost conscious ones may move to BSE
 "New $100 million limit to give NSE the edge in currency derivatives")
Reserve Bank of India raises currency derivatives limit to $100 million
There would be 12 monthly standardised futures contracts of cross-currencies
 "Reserve Bank of India raises currency derivatives limit to $100 million")
BSE revises transaction charges for currency derivatives
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
