The Indian rupee is unlikely to regain ground against the US dollar over the next year as a wide current account deficit and weak reserves weigh on the currency, while the Chinese yuan will strengthen a little to fresh record highs, a Reuters po
Trading volumes on the Dubai Gold and Commodities Exchange (DGCX) in the first half of the year registered a year-on-year growth of 101 per cent, reaching 7.71 million contracts valued at $268.85 billion.
The significant increase
The Dubai Gold and Commodities Exchange (DGCX) is set to launch a futures contract based on Sensex, the blue-chip stock index of India’s Bombay Stock Exchange (BSE).
The US dollar-denominated contract will be formally listed
The Dubai Gold and Commodities Exchange (DGCX) has launched a mini Indian rupee futures contract (DINRM), in a bid to further expand the reach of its Indian rupee product offering.
The first-of-its-kind to be introduced in the reg
UAE-based Emirates Islamic Bank has today announced the launch of the first of a series of initiatives aimed at providing customers with market leading foreign exchange services.
Faisal Aqil, deputy CEO, Consumer Wealth Management
The Dubai Gold and Commodities Exchange (DGCX), the region’s first derivatives exchange, has posted a monthly record of 1,157,340 contracts, valued at $44.16 billion, in February.
The month also saw the highest ever average
Dubai Gold and Commodities Exchange (DGCX) said the gold futures, its flagship product, grew 111 per cent in June to hit 60,353 contracts driven by significant surges in gold and Indian Rupee futures trading.
The exchange also registered i
Dubai Gold and Commodities Exchange (DGCX) has announced record-breaking trading volumes for a third consecutive month in May on the back of major upswings in Gold and Rupee Futures trading.
The total trading volume for last month hit 853,
The Indian rupee jumped more than 2 percent on Friday and was on track to post its biggest single-day rise in more than two years after the central bank took steps to stem the currency's plunge to a series of record lows.
At 10.47am (0517
The Dubai Gold & Commodities Exchange (DGCX), the first derivatives exchange in the region, said its Indian Rupee/Dollar futures has registered the highest-ever daily volume record of 15,509 contracts worth $688.52 million.