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NSE India Launched Rupee-Denominated NYMEX WTI Crude Oil & Natural Gas Futures Contracts

Published on May 17, 2023
Current Context: NSE India launching Rupee-Denominated NYMEX WTI Crude Oil & Natural Gas Futures Contracts, this is a recent development that happened on Monday, May 15, 2023.
NSE India Launched Rupee-Denominated NYMEX WTI Crude Oil & Natural Gas Futures Contracts
  • The launch of these contracts will provide effective trading and hedging opportunities to the market participants, with the availability of key energy products on a single trading platform.
  • The NYMEX WTI Crude Oil and Natural Gas contracts are among the world’s most traded commodity derivatives contracts generating interest from across the globe.
  • On Monday, the price of WTI Crude was trading at $70.32, while the Brent Crude was trading at $74.42 on New York Mercantile Exchange (NYMEX). On the other hand, Natural Gas was trading at $2.3 on NYMEX.

Question:

Q.1 When did NSE India launch the Rupee-Denominated NYMEX WTI Crude Oil & Natural Gas Futures Contracts?
a. Monday, May 15, 2023
b. Wednesday, April 28, 2023
c. Friday, March 17, 2023
d. Sunday, June 11, 2023
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