InvestorQ : How has the trading in interest rate futures evolved in India?
manisha Kolvenkar made post

How has the trading in interest rate futures evolved in India?

Answer
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Mahima Roy answered.
8 months ago


Check the table below for the details on the BSE and the NSE.

Year/ Month

No. of Trading Days

BSE

NSE

Interest Rate Futures

Open Interest at the end of

Interest Rate Futures

Open Interest at the end of

No. of Contracts

Traded Value (` crore)

No. of Contracts

Traded Value (` crore)

No. of Contracts

Traded Value (` crore)

No. of Contracts

Value (` crore)

2018-19

243

59,01,468

1,11,222

60,205

1,214

1,27,64,150

2,45,407

1,03,589

2,054

2019-20$

161

35,46,280

72,151

1,08,704

2,284

1,15,73,574

2,37,962

1,58,416

3,314

Apr-19

18

2,46,140

4,738

66,107

1,320

12,32,112

24,098

1,22,799

2,432

May-19

22

4,33,988

8,498

60,668

1,255

11,45,026

22,662

1,40,085

2,849

Jun-19

19

4,15,150

8,395

67,113

1,403

17,75,758

36,063

1,41,713

2,923

Jul-19

23

7,84,301

16,198

81,493

1,748

21,93,597

46,067

1,56,910

3,349

Aug-19

20

5,78,510

11,924

1,22,449

2,581

15,43,335

32,496

1,79,226

3,776

Sep-19

19

5,45,973

11,213

1,29,129

2,694

13,91,624

28,898

1,90,842

3,978

Oct-19

20

2,88,270

5,933

1,06,205

1,116

12,14,282

25,268

1,51,183

3,166

Nov-19

20

2,53,948

5,252

1,08,704

2,284

10,77,840

22,410

1,58,416

3,314

It is clear that interest futures are catching on in the BSE and the NSE but the action has been quite static over time and there is no progress. In fact the levels of the volumes on interest rate futures are too dependent on the interest rate shifts in the macro market.