Millennium Post

BSE achieves record high currency derivatives turnover

Currency derivatives turnover on leading stock exchange BSE on Tuesday hit record high of Rs 11,634.42 crore, surpassing rival bourse NSE’s turnover for the session. As many as 18.14 lakh contracts were traded in the currency derivative segment of 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.

Rs rises 29 paise to 63.38 against $

The rupee broke its long four session of losing streak and appreciated by 29 paise to close at 63.38 against the American unit following fresh dollar selling by exporters and some banks amid weakness in USD overseas. However, local equities closed almost stable while foreign funds, after a day’s respite, continued their selling which restricted the rupee rise to some extent, a dealer said.
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