DGCX extends trading hours for Indian rupee futures. The Dubai Gold and Commodities Exchange (DGCX) will open one-and-a-half hours earlier at 7.00 am local time (8.30 am Indian time) which is expected to help participants trading in Indian rupee futures.
The depreciation of the Indian Rupee has become a nightmare for Indian shoppers in China. It might be fine for those who trade with China but for a large number of Indian tourists it is a devastating experience.
The Indian rupee declined to near its lifetime low this morning despite heavy intervention by the country's central bank in the forex markets following the apparent failure of its moves to stem the slump.
The news that the Reserve Bank of India (RBI) may be considering putting more faces on Indian currency apart from the existing, ubiquitous image of Mahatma Gandhi has, inevitably, spurred a heated debate on who deserves to be there.