| Symbol |
USDINR |
| Instrument Type |
FUTCUR |
| Unit of trading |
1 (1 unit denotes 1000 USD) |
| Underlying |
The exchange rate in Indian
Rupees for a US Dollar |
| Tick size |
Rs.0.25 paise or INR 0.0025 |
| Trading hours |
Monday to Friday
9:00 a.m. to 5:00 p.m. |
| Contract trading cycle |
12 month trading cycle. |
| Last trading day |
Two working days prior to the
last business day of the expiry month at 12 noon. |
| Final settlement day |
Last working day (excluding
Saturdays) of the expiry month.
The last working day will be the same as that for
Interbank Settlements in Mumbai. |
| Quantity Freeze |
Above 10,000 |
| Base price |
Theoretical price on the 1st
day of the contract. On all other days, DSP of the
contract |
| Price operating range |
| Tenure
upto 6 months |
Tenure
greater than 6 months |
| +/-3
% of base price |
+/-
5% of base price |
|
|
| Position limits |
| Clients |
Trading
Members |
Banks |
| Higher
of 6% of total open interest or USD
5 million |
Higher
of 15% of the total open interest or
USD 25 million |
Higher
of 15% of the total open interest or
USD 100 million |
|
|
| Minimum initial margin |
1.75% on day 1, 1% thereafter |
| Extreme loss margin |
1% of MTM value of open position. |
| Calendar spreads |
Minimum Rs. 250/- per contract
for all months of spread |
| Settlement |
Daily settlement :
T + 1
Final settlement : T
+ 2 |
| Mode of settlement |
Cash settled in Indian Rupees |
| Daily settlement price (DSP)
|
Calculated on the basis of the
last half an hour weighted average price. |
| Final settlement price (FSP)
|
RBI reference rate |
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