India INX is likely to get a big boost in daily average trading volume once the masala bond listing gets underway. Photo: Hemant Mishra/MintSingapore: The India International Exchange (India INX) is working on the framework for listing on its platform of rupee-denominated masala bonds for Indian corporations which currently list such financial tools on bourses in London and Singapore, a top company official said. The India International Exchange is India’s first international stock exchange, opened in January 2017. Once the masala bond list gets underway, India INX will see a big boost in daily average trading volume, he said, setting the target at US$1 billion per day. India INX has 12 contracts, covering copper, crude oil, gold, silver, euro, dollar, rupee and yen combinations.

Source: Mint December 04, 2017 14:03 UTC