Contract Specifications
Category
Description
Underlying
Rate of exchange between 1 USD and INR
Symbol
USDINR
Trading Hours
Monday to Friday 9 a.m. to 5 p.m.
Contract Size
USD 1000
Contract Months
12 near calendar months
Expiration Date and Time
Last business day of the month
Min Price fluctuation
0.25 paise or INR 0.0025 or INR 2.5 per lot
Settlement
Cash settled in INR on relevant RBI reference rate
Minimum Margin
1.75% on Day 1 and 1% thereafter (Approx. Rs.430 per lot)
Calendar spread margin
Rs. 250/-
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