The solution for the steep slide in the value of rupee against the American dollar is exporters and importers investing in currency options trading on the Currency Derivative Market Segment of National Stock Exchange or MCX-SX.
At an awareness programme on measures to be taken by industrialists, investors and importers and exporters to protect against the shocks of the fluctuations of value of rupee, Optimus Share Broking Limited Director Kesavardhan Nalluri said these exchanges set by the Centre in 2009 had become very popular and about Rs.50,000 crore of business volume was witnessed per day. “This growth is phenomenal in three years against the commodities exchange took eight years to come that level of volumes and 20 years for the equities and stocks exchange,” he observed.
He opined that this was new arena where not many people ventured to invest, but their company through a network of 50 franchisees.
Keywords: rupee fall, stocks exchange, NSE
