Hong Kong Exchanges and Clearing Limited (HKEx):
Indian Rupee (“INR”) Currency Futures
INR/USD & INR/CNH Futures
Hong Kong Futures Exchange Limited (“the Exchange”) is pleased to announce the launch of the Indian Rupee (“INR”) Currency Futures contracts, i.e. INR/USD Futures and INR/CNH Futures contracts on 4 November 2019.
As one of the most rapidly growing emerging market currencies, the Indian Rupee (INR) is the fourth largest traded currency in the FX Non-Deliverable Forwards (NDF) market in Hong Kong. Growing usage of the INR sets the demand for a capital-efficient risk management tool to increase. HKEX’s INR/CNH futures, the world’s first listed INR/CNH Futures, together with INR/USD Futures, provide transparency in price discovery and act as efficient tools for investors to manage their INR exposures.
KGI (Singapore) will offer this product to clients.
Key Features
- Transparency – Exchange-traded contract
- Flexible Collateral Policy – Multiple currencies accepted
- Capital Efficiency – Trading on margins
- Liquidity – Provided by dedicated liquidity providers
Highlights
INR/USD Futures: The growing economic interdependence of India and China, reflected by the increasing trading volumes between the two countries, has created demand for cross-border payments between China and India. The contracts are designed to support trading activities of import-export companies, the majority of which are denominated in the USD.
INR/CNH Futures: As the first listed futures of the INR/CNH pair, the contract ties the world’s two most populous nations together. The pair would support the Renminbi (RMB)’s globalisation and meet risk management demands spanning from Asia and beyond under the Belt and Road Initiative.
Source: Hong Kong Exchanges and Clearing Limited (HKEx)
CONTRACT SPECIFICATIONS – INR/CNH
CONTRACT SPECIFICATIONS – INR/USD
To find out more about HKEx INR Futures, contact us via:
This advertisement has not been reviewed by the Monetary Authority of Singapore.
