 |
Underlying |
: |
The exchanges rate in Indian Rupees for US Dollars |
Trading Hours |
: |
9.00AM to 5:00 PM (Monday to Friday) |
Contract Size |
: |
USD 1,000 |
Price Quotation |
: |
INR per 1 USD |
Tick Size |
: |
INR 0.0025 |
Minimum Initial Margin |
: |
1.75% on first day & 1% thereafter |
Contracts |
: |
All months with a maximum maturity of12 months |
Settlements Mechanism |
: |
Cash Settled in Indian Rupee |
Final Settlement Rate |
: |
RBI USDINR Reference Rate |
Last Trading Day |
: |
Two working days prior to the last business day of the expiry month at 12 noon |
Final settlement Date |
: |
Last working day of month except Saturday. It will be same as that for interbank settlement in Mumbai. |
