Particularly at this juncture, while we intend to expand set of products and instruments available, we also wish to emphasize the improvement in the pre and post-trading infrastructure as well as consolidation of the regulatory regime so that financial stability is not threatened. Development of markets in India Exchange traded products provide the benefits of transparent pricing and robust risk management.
The Reserve Bank introduced currency futures and interest rate futures on the exchanges with a view to increasing the depth and breadth of the derivatives market, in turn helping to provide an effective risk management framework to users. Currency futures were launched on the National Stock Exchange (NSE) in August 2008 and subsequently on other exchanges.