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BENGALURU, March 1 (Reuters) - India's National Stock
Exchange (NSE) said on Wednesday that the country's
market regulator has approved the launch of rupee-denominated
NYMEX crude oil and natural gas futures contracts in its
commodity derivatives segment.
NSE said earlier this month that it signed a data licensing
deal with CME Group Inc to list, trade and settle
rupee-denominated U.S. West Texas Intermediate (WTI) crude and Henry Hub natural gas futures.
The contracts are designed to provide market participants
with a more efficient way to manage their price risk, NSE said
in a statement. It will set a launch date later.
The move will expand NSE's commodity segment, which already
provides trading in gold, copper, silver and Brent crude .
The Multi-Commodity Exchange of India Ltd (MCX), the
country's largest commodity derivatives exchange, already has
crude and natural gas futures.
(Reporting by Ashish Chandra in Bengaluru; Editing by Saumyadeb
Chakrabarty and Savio D'Souza)
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