Currency Futures

Contract Specifications
SYMBOL USDINR
UNIT 1 ( 1 Unit denotes 1000 USD)
UNDERLYING INR/USD Exchange Rate
TICK SIZE Rs. 0.25Paise 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 2 Working days prior to the last business day of the expiry month at 12 noon
MINIMUM INITIAL MARGIN Based on SPAN margining; currently about 5%
MODE OF SETTLEMENT Cash Settled In Indian Rupees
DAILY SETTLEMENT PRICE Calculated on the basis of last half an hour weighted average price.
FINAL SETTLEMENT PRICE RBI Reference Rate
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