NSE waives transaction fee on cross-currency derivatives

In order to encourage active invesotr particpation in its newly launched cross-currency derivatives in different currency pairs, NSE said it will not levy any transaction fee on the trades for three months, starting on Tuesday.

Both NSE and  BSE have launched trading in cross-currency futures and options (F&O) derivatives from Tuesday. The trading in such contracts would be available between 9:00 AM and 7:30 PM.

The move will help in direct hedging of foreign currency exposures as well as improving liquidity in existing currency contracts.

Ashwin J Punnen