Currency futures volumes hit a new high

MUMBAI: Currency futures segments on Wednesday registered the highest trading volumes ever, with close to $4.4 billion worth of trades executed on NSE and MCX-SX put together.

Dealers attributed this to the record volatility that has accompanied the rupee rising 3% in the past four sessions. MCX-SX registered a marginally higher volume than NSE at Rs 10,798 crore.

Most-traded near-month contracts on NSE and MCX-SX closed at 46.74 and 46.73, respectively, indicating a marginally bearish outlook for the local unit. The spot rupee closed at 46.67.