Trade crude contracts like WTI on NSE

MUMBAI: Indians will soon be able to trade in the derivative contracts on WTI Crude Oil, one of the most popular such contracts globally, in the rupee. On Wednesday, the NSE signed a pact with CME Group, world’s largest financial derivatives exchange headquartered in Chicago, which will allow the Indian bourse to launch WTI Crude Oil and natural gas contracts on its domestic platform, traded and settled in the rupee.

Currently, Indians have limited access to trade in these contracts since the RBI doesn’t allow leveraged positions using money taken out of the country through its popular liberalised remittance scheme (LRS) route. In India, derivatives contracts on crude oil are traded on MCX.