USE receives RBI authorisation
Monday, 21 June 2010
MUMBAI, June 20 (PTI): United Stock Exchange (USE) of India Limited, India's newest stock exchange for currency derivatives, said it has received authorisation from the Reserve Bank of India (RBI) to start operations.
USE had earlier received final approval from SEBI to launch operations in currency futures, the exchange said in a statement here.
USE is a public-private partnership with equity participation by PSUs, public sector and private sector banks and corporate institutions. All 21 Indian public sector banks, leading private sector banks, public sector undertakings and corporates are shareholders of the exchange.
USE had earlier received final approval from SEBI to launch operations in currency futures, the exchange said in a statement here.
USE is a public-private partnership with equity participation by PSUs, public sector and private sector banks and corporate institutions. All 21 Indian public sector banks, leading private sector banks, public sector undertakings and corporates are shareholders of the exchange.