India's MCX Stock Exchange (MCX-SX) has received approval from the market regulator and central bank to launch currency options on its platform, the exchange said on Sunday.
The approvals will allow the exchange to expand its currency derivatives business by introducing options in the dollar-Indian rupee currency pair, MCX-SX said in a statement, adding that it will soon announce the launch date for live trading. MCX-SX is controlled by the Multi-Commodity Exchange of India, India's biggest commodity bourse, which raised $135 million in an initial public offering in the local market earlier this year.
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