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USE India: United Stock Exchange of India

United Stock Exchange of India (USE), the newest stock exchange for currency derivatives will start functioning from September 20, 2010 onwards.

USE will be inaugurated by Securities and Exchange Board of India (SEBI) Chairman, C. B. Bhave, and Reserve Bank of India's Deputy Governor, Shyamala Gopinath, at Bombay Stock Exchange (BSE).

USE will deal with
United States Dollar-Indian Rupee (USD-INR)
Euro-Indian Rupee (EUR-INR)
Pound Sterling-Indian Rupee (GBP-INR)
Japanese Yen-Indian Rupee (JPY-INR)

United Stock Exchange of India (USE) has the public sector banks like Allahabad Bank, Corporation Bank, Punjab National Bank, Andhra Bank, Dena Bank, State Bank of India, Bank of Baroda, IDBI Bank, Syndicate Bank, Bank of India, Indian Bank, UCO Bank, Bank of Maharashtra, Indian Overseas Bank, Union Bank of India, Canara Bank, Oriental Bank of Commerce, United Bank of India, Central Bank of India, Punjab and Sind Bank, Vijaya Bank as stakeholders.

Private Sector Banks like Axis Bank, Federal Bank, J & K Bank, HDFC Bank. Corporate Institutions such as Jaypee Capital, MMTC and India Potash are also associated with United Stock Exchange.

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