Global Funds Buy Net 34.4 Billion Rupees of Indian Derivatives

Global investors bought a net 34.4 billion rupees ($619 million) of Indian equity derivatives yesterday, according to the National Stock Exchange.

Open interest, or the number of contracts outstanding in value terms, declined 34.1 percent to 674.4 billion rupees on the last day of trading in contracts for August, according to the exchange’s website. Open interest reached a record 1.6 trillion rupees on Sept. 21, 2010.

Foreign funds bought a net 23.1 billion rupees of shares in the cash segment yesterday, according to preliminary data given by the bourse.

To contact the reporter on this story: Paresh Jatakia in Mumbai at pareshj@bloomberg.net

To contact the editor responsible for this story: Arijit Ghosh at aghosh@bloomberg.net

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