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Our Bureau

Mumbai, Sept. 2 The turnover of interest rate futures traded on the NSE fell to Rs 113 crore on Wednesday, against Rs 267 crore recorded on Monday, the first day of its launch.

On Tuesday too the turnover was lower at Rs 147 crore.

Many banks and primary dealers do not have systems in place and they need lot of approvals before they start trading. In IRF, the trade will pick up only after a few weeks, a market participant said.

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