Currency derivatives open interest turnover at BSE crosses $2 bn

Currency derivatives open interest turnover at BSE today crossed USD 2 billion (about Rs 13,400 crore) mark.

The open interest number of contracts stood at 19,44,203 in the previous session, with turnover at Rs 10,189.79 crore, as per data available with the BSE.

Currency derivative contracts allow investors to take position on change in the foreign exchange rates between pairs of two currencies, such as rupee and dollar.

Open interest is commonly associated with the futures and options markets, where the number of existing contracts changes from day to day.