Monday, 20 April 2015

SGX‬ India-related Futures’ Participation Rockets as Indian Equity Demand Soars

Singapore Exchange (SGX) Nifty Index Futures’ volume for the first quarter surged over 30% compared to the same period last year. At the same time, SGX ‪#‎INRUSD‬ currency futures achieved a record daily volume of 32,055 contracts traded (over US$1 billion in notional turnover) on 8 April.

The Organisation for Economic Co-operation and Development (OECD) forecasts growth of over 7% for India, making it the fastest-growing economy in the world. The Indian government has vowed to raise exports to boost jobs growth.

India’s retail investors are starting to get back into the stock market via the mutual funds route.

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