May 21, 2018 / 1:31 PM / a year ago

MCX launches India's first copper options

MUMBAI (Reuters) - India’s Multi Commodity Exchange (MCX) said it launched the country’s first copper options contracts on Monday.

Three contracts expiring in June, August and November with a lot size of 1 tonne were launched, the exchange said in a statement.

The option contract will provide physical market participants an additional instrument to hedge their risk, said MCX Managing Director Mrugank Paranjape.

The exchange had launched crude oil options earlier this month.

Reporting by Rajendra Jadhav; Editing by Subhranshu Sahu

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