Indian Rupee Futures

Indian Rupee Futures

Symbol

Contract Size

Delivery Months

Last Trading Day

Settlement Day

New Contract Listing

Price Quote

Tick Size

Trading Days

Trading Hours

Maximum Order Size

Price Limit

Wholesale Trades

Cash Settlement Price Basis

DINR

INR 2,000,000

Monthly contracts for twelve months forward

Two Business Days prior to the last working day of the contract month

The Business Day immediately following the last day of expiring contract

Business day immediately following the last trading day

US$ quoted in Cents per 100 Indian Rupees ( e.g. 209.56 /209.62 US Cents per 100 Indian Rupees)

US$ 0.000001 per INR or US$ 2 per tick

Monday through to Friday

07:00 - 23:30 Hours Dubai time (GMT+4)

500 lots for Banks and institutions promoted by Banks. All other entities 200 Lots

No Price Limits - Note 1*

EFS, EFP, Block trade facilities available

Open Positions at expiry of contract shall be settled in US Dollars as per the Dialy Settlement Price (DSP) declared by the Exchange. The DSP would be based on the official US Dollar reference rate issued by the Reserve Bank of India, based on bank rates in Mumbai at 12 noon on the day of trading or earliest available date

Initial Margin based on SPAN

Calendar Spread Margin

Spread Position Margin

Extra Margin

Delivery Period Margin

Click on the "Initial Margin" TAB

100% benefits is offered on calendar spread positions

Nil on matched positions

At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged

Not applicable