NSE likely to launch interest rate futures in a few weeks
Newswire18 / Mumbai Aug 19, 2009, 00:25 IST
The National Stock Exchange (NSE) is likely to launch interest rate futures in a few weeks, Managing Director and Chief Executive Officer Ravi Narain has said.
“We are working towards the launch of interest rate futures very shortly, hopefully in a few weeks,” Narain said at a risk management summit organised by the Confederation of Indian Industry.
The exchange was waiting for approval from the regulator, the Securities and Exchange Board of India (Sebi), he said.
A joint technical committee of the Reserve Bank of India and Sebi had, in June, recommended allowing interest rate derivatives based on 10-year government bond yields.
Meanwhile, the NSE was working on the modalities of forming an SME exchange, Narain said.
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“We are working towards the launch of interest rate futures very shortly, hopefully in a few weeks,” Narain said at a risk management summit organised by the Confederation of Indian Industry.
