India's first interest rate futures contracts started
solidly last week with 7,661 contracts worth $30m traded on
"Activity was high, beyond market expectations," Vineet
Bhatnagar, managing director of Refco-Sify Securities told
However, volumes on the 91-day treasury and 10-year bond
futures dropped significantly to a combined 338 contracts on
day two. "Trades would pick-up gradually once the participants
are clearer with the trading and the settlement aspects," added
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