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Currency derivatives average daily turnover shoots up 50% in June

Posted on 25 June 2013

The Indian currency derivatives, which include futures and options, have registered a 50% jump in average daily turnover to over 60,000 crore in June against 41,000 crore in May due to increased volatility in the rupee against the US dollar, the combined data of National Stock Exchange (NSE) and Multi Commodity Exchange’s (MCX-SX) shows.
The rupee has hit a record low of 59.98 against the dollar earlier this month, and has depreciated nearly 10% against it since April this year, and experts reckon the trajectory of the rupee is downwards………………………………………..Full Article: Source


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