Contract | Parameters |
---|---|
Contract Symbol | DINRI |
Underlying | Indian Rupee |
Contract Size | 100 index points |
Notional Contract Value | 100 index points |
Trading Currency | US Dollar |
Settlement Currency | US Dollar |
Price Quote | USD INR Quanto till fourth decimal place (e.g. Bid 63.6800 / Ask 63.6825) |
Tick Size | 0.0025 Index points |
Tick Value | 25 US cents |
Settlement Basis | Open Positions at expiry of contract shall be settled in US Dollars as per the Final Cash Settlement Price (FCSP) declared by the Exchange. |
Final Cash Settlement Price | FCSP 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 |
Last Day of Trading | Two Business Days prior tothe last Day of Trading of the Delivery Month |
Trading Days | Monday through Friday |
Trading Hours | 07:00 – 23:55 Hours Dubai time (GMT+4) |
Trading Months | First 3 consecutive serial months. |
New Contract Listing | Business Day immediately following the Last Day of Trading |
Max Order Size | 2,500 contracts for Banks and institutions promoted by Banks. All other entities 1,000 contracts |
Daily Price Movement Limit | No price limit(Note 1*) |
Initial Margin based on SPAN | US $140 per contract (Subject to change from time to time) |
Calendar Spread Margin | 100% benefit is offered on calendar spread positions |