The contract would mature on January 11, 2026, the bourses said in two separate circulars today.
An IRF is a contract between a buyer and a seller agreeing to the future delivery of any interest-bearing asset such as government bonds. Banks, primary dealers, mutual funds, insurers, FIIs, corporates and brokers, as well as retail investors trade in this product.
"Interest Rates Futures contracts based on 7.59 per cent Central Government Security having maturity on January 11, 2026 will be made available for trading with effect from Monday, January 11, 2016," the bourses said.