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The contract would mature on January 11, 2026, BSE said in a statement today.
An IRF is a contract between a buyer and a seller agreeing to the future delivery of any interest-bearing asset such as government bonds. Banks, primary dealers, mutual funds, insurers, FIIs, corporates and brokers, as well as retail investors trade in this product.
"The exchange shall be introducing Interest Rate Futures contracts based on 7.59 per cent (rpt) 7.59 per cent government of India bond maturing on January 11, 2026 with effect from January 11, 2016," BSE said.
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