Since then, notwithstanding the persistence of weak growth momentum in advanced economies, oil prices have bounced back to high level. In April 2011 Indian basket crude price reached USD 118.6 per barrel, before softening thereafter somewhat, but still remaining range bound at high level between USD 110 to 105 per barrel.
Average daily turnover rose to $ trillion in April 2007, an increase of 71% at current exchange rates and 65% at constant exchange rates. Relatively moderate growth was recorded in the much larger interest rate segment, where average daily turnover increased by 64 per cent to $ trillion.