BSE has received SEBI approval for introducing cross currency derivatives (future and options) on pairs such as Euro (EUR)-US Dollar (USD), Pound Sterling (GBP)-USD and USD-Japanese Yen (JPY). The exchange has also received permission to introduce option on EUR-INR. GBP-INR and JPY-INR in addition to existing USD-INR Options. Additionally, the regulator has also allowed trading in cross-currency derivatives contracts for a longer period between 9:00 AM and 7:30 PM.
Currently futures contracts are available only for currency pairs that have the rupee as one leg and an options contract for only a single currency pair—dollar/rupee—is available.