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Market regulator SEBI allowed stock exchanges
to introduce Cross-currency futures and
exchange traded Cross-currency option contracts
in multiple currency pairs. The Cross currency futures will be available in various pairs, including
Euro (EUR)-US Dollar (USD), Pound Sterling
(GBP)-USD and USD-Japanese Yen (JPY). On
the exchange traded option contracts front, Euro Rupee
(INR), GBP-INR and JPY-INR have been
added to the existing USD-INR pair, SEBI said in
a circular.
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