Rupee Futures Open Interest Surges on Arbitrage Trades
Outstanding positions on dollar rupee futures contracts tripled to over 3.7 billion dollars in two weeks. Bankers attribute the surge to arbitrage trades and central bank intervention in the market.
Outstanding positions on the dollar-rupee futures contract tripled to over $3.7B over the past fortnight, reaching a 1-year peak. The surge stems from arbitrage trades and central bank intervention in India, bankers said.
