The National Stock Exchange of India (NSE) has started trading shortest tenure debt securities, T-91 Bills, issued by the government to meet short-term borrowing requirements. The 91-day Treasury Bills were received well by the market and 39,755 contracts with a traded value of $164.21 million were traded on NSE. Out of the three monthly and one quarterly contract available for trading, the July expiry contract was the most active with 39,732 contracts being traded. Trading members, such as 14 prominent public sector and private banks as well as corporate clients, participated in trading the interest rate futures on T 91 day bills.
Click here for the release from National Stock Exchange of India.