What is interest rate futures ?
- Interest rate futures is standardised interest rate derivative contract traded on a stock exchange to buy or sell an interest bearing instrument at a specified future date, at a price determined at the time of the contract.
What is the underlying for interest rate futures in India ? In India interest rate futures are available on NSE on
- Notional T – Bills
- Notional 10 year bonds (coupon bearing and non-coupon bearing)
