Global Funds Buy Net 11.1 Billion Rupees of Indian Derivatives
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Global investors bought a net 11.1 billion rupees ($221.3 million) of Indian equity derivatives yesterday, according to the National Stock Exchange.
Open interest, or the number of contracts outstanding in value terms, climbed 2.8 percent to 965 billion rupees, or 34.9 percent of the gross market position, according to the exchange’s website. Open interest reached a record 1.6 trillion rupees on Sept. 21, 2010.