Three entities apply for currency futures

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Mumbai, Aug 13 (UNI) Market Regulator SEBI today said it has received three proposals for operating currency futures for which the guidelines were announced by both RBI and SEBI.

Talking to newsmen after a Board meeting, SEBI Chairman C B Bhave said, while inprinciple approval had been given to the National Stock Exchange, it had not been cleared yet for the BSE, which had also tendered an application. The third company, MCX had only sought the approval of the title of the currency derivative and that had been approved.

On interest futures, he said that both RBI and SEBI would follow the same pattern like the currency futures. The recommendations of the RBI on interest futures had been released last week.

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