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MINR-USD Futures

Contract Specifications


Contract Symbol



Indian Rupee

Contract Size

INR 200,000

Notional Contract Value

INR 200,000

Trading Currency

US Dollar

Settlement Currency

US Dollar

Price Quote

US Cents (1/100 INR)

Tick Size

US$ 0.000001 per INR or US$ 0.2 per tick

Tick Value

US$ 0.2

Settlement Basis

Open Positions at expiry of contract shall be settled in US Dollars as per the Final Settlement Price (FSP) declared by the Exchange.

Final Cash Settlement Price

The FSP 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 to the last working day of the contract month

Trading Days

Monday through to Friday

Trading Hours

07:00 - 23:55 Hours Dubai time (GMT+4)

Trading Months

Every Month

New Contract Listing

Business day immediately following the last trading day

Max Order Size

500 lots for Banks and institutions promoted by Banks. All other entities 200 Lots

Daily Price Movement Limit

No price limit (Note 1*)

Initial Margin based on SPAN

Click on the "Initial Margin" TAB

Calendar Spread Margin

100% benefit is offered on calendar spread positions

Note 1*: For the avoidance of "fat finger" errors, price band shall be 1.5 US Cents from previous settlement price If price breaches the daily price movement limit, trading in particular contract shall continue, with the new trading price range without any cooling period