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China's interbank foreign exchange market will start direct trading between the Chinese yuan and the Singapore dollar via spot, forward, and swap contracts.
At the Interbank Foreign Exchange market, the domestic currency resumed higher at 60.
At the interbank foreign exchange market, the rupee commenced sharply higher at 60.
30, against the US dollar at the Interbank Foreign Exchange market in the morning trade on the back of strong FII inflows, and appreciating Asian currencies against dollar.
72 a dollar in the early trade at the Interbank Foreign Exchange market on Wednesday following the dollar s gains against other major currencies.
Relative stability in the Rupee has emanated from the improved flaws in the interbank foreign exchange market.
The central bank also decided to provide greater liquidity flow in the interbank foreign exchange market.
On CFETS' path to accomplishing further developments in China's interbank foreign exchange market, providing valid channels of new products for our member institutions is important for our success in the future," said CFETS President Xie Duo.