Rocky rupee drives NSE volumes to record high
Currency derivative volumes on the National Stock Exchange (NSE) rose to a record high in the first half of the current financial year as a volatile rupee increased trader interest. The average daily turnover of currency futures and options contracts traded on India’s largest exchange hit ₹1.59 trillion, up 22.3% from a year ago.
The rupee-dollar is the most active pair on the NSE for currency derivatives contracts, accounting for 96% of the ₹159.9 trillion turnover this fiscal year through August, according to Securities and Exchange Board of India data. Proprietary traders have around a 58% share in currency derivatives turnover, followed by retail investors at 21.9%, per NSE data.
