Apart from structural issues, Dubai and Singapore markets are preferred because they operate for 17 hours as compared to eight hours in India
The Indian rupee is traded more in the global markets than in India. The fight for the top spot in trading volumes in the Rupee-Dollar pair is between Dubai and Singapore. Till 2020, the two exchanges–The Dubai Gold and Commodities Exchange (DGCX) and the Singapore Stock Exchange (SGX)– were going head to head, with Dubai leading in most years since 2015. However, in 2021, Singapore has seen over three times more turnover than Dubai. According to media reports, SGX has been…
