Currency derivative turnover rises 25%

Volumes of currency derivatives trading on the three stock exchanges also grew by nearly 16.3 %

The currency derivative turnover on the country's three bourses rose 25 per cent to about Rs 48.50 lakh crore in the first six months of 2013-14 despite the Securities and Exchange Board of India’s (Sebi) move in July to tighten the exposure limits in the segment.      

The currency derivative turnover on the three stock exchanges — NSE, MCX-SX and USE — stood at Rs 38.77 lakh crore during the April-September period in 2012-13, according to the latest data available with Sebi.  Moreover, the volumes of currency derivatives trading on the three stock exchanges grew nearly 16.3 per cent at 81.46 crore in the first half of the current financial year compared with the corresponding period last year.