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MCX-SX exchange kicks off interest rate futures

NSE is to start trading IRF contracts tomorrow, BSE on Jan 28

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Reuters

Cash-settled interest rate futures started trading in MCX Stock Exchange Ltd (MCX-SX) on Monday.

The IRF contract for the 10-year benchmark 8.83% 2023 bond attracted the highest volume at Rs 1,500 crore with a last traded price of Rs 101.65.

The other IRF contract traded is the 7.16% 2023 bonds on Monday.

The National Stock Exchange will start trading IRF contracts from Tuesday, while BSE Ltd will start trading them from January 28.

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First Published: Jan 20 2014 | 11:10 AM IST

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