currency derivatives

GIFT Nifty nearing $100 billion monthly turnover milestone

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GIFT Nifty nearing 0 billion monthly turnover milestone

GIFT Nifty, which stands as a new benchmark to the growth story of the Indian equity market, recorded its highest ever monthly turnover of 21.23 lakh contracts worth Rs 7,97,714 crore or US $95.55 billion during the month of June. This is an all-time high monthly turnover for GIFT Nifty, surpassing its previous record of … Read more

Currency: Currency derivatives volumes dry up ahead of RBI deadline

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Currency: Currency derivatives volumes dry up ahead of RBI deadline

Mumbai: Volumes of exchange-traded currency derivatives on the National Stock Exchange (NSE) have plummeted by almost 90% ahead of the May 3 deadline to comply with the central bank’s directive for trades to be backed by underlying exposures. Average daily turnover for currency futures and options, including notional turnover for currency options, on the country’s … Read more