Trading activity on DGCX's Indian Rupee/US Dollar futures continues to grow rapidly, with a new daily volume record of 12,499 contracts achieved on February 22nd, 2011, with a value of USD 551.55 million. The previous record was achieved on January 5th, 2011 with 11,968 contracts.
The contract is attracting increased interest and participation globally, as market players wishing to seek exposure to the Indian economy or hedge the Indian Rupee become aware of its unique offering as the only Indian Rupee futures contract outside of India. The contract also has the added benefit that it is cash settled based on the US Dollar reference rate published by the Reserve Bank of India on the last day of trading.
Indian Rupee Futures Daily Volumes (Sept 1, 2010 to Feb 22, 2011)