NSE clocks Rs 3,000 cr IRF trading volume on day one

Exchange clocked open interest of 16,057 contracts

Interest rate futures (IRFs) seems to have caught the fancy of the market in its new tweaked avatar.

The National Stock Exchange (NSE), which has launched trading in IRF, clocked a turnover of more than Rs 3,000 crore with an open interest of 16,057 contracts on first day of trading.

The exchange has launched bond futures with two different 10-year government bonds as underlying.

MCX-SX, which launched IRF trading on Monday, has clocked turnover of over Rs 900 crore each in first two trading sessions. BSE also plan to launch trading in IRF next week.