Wednesday, October 22, 2008

Two milestones in Indian finance

  • At NSE, the currency futures turnover exceeded Rs.1000 crore today. The other two interesting numbers for currency futures trading today were: 4,904 trades and an open interest of $176 million (176,323 contracts).
  • Liquidity seems to be coming about for some exchange traded funds. A useful way to think about this is to look at the rank of two ETFs produced by Benchmark in the list of products traded on the NSE spot market, sorted by rupee turnover:
    DateNifty ETFLiquid BeES
    20 October88th45th
    21 October114th115th
    22 October127th112th
With these, we have two new elements of liquidity emerging in Indian financial markets: ETFs and currency futures.

1 comment:

  1. We want an effective NPA System specifically to handle a wide range of simple to complex tasks
    Also we need an automated data recording and reporting mechanism in order to capture only the most accurate picture of our bank at any given point of time as per RBI's Guidelines .


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