Product Specification
Contract Specification
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Underlying
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Rate of exchange between 1 USD & INR
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Pair
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USD/INR, EUR/INR, GBP/INR, JPY/INR
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Contract Months
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12 consecutive calendar months i.e. a view up to 1 year in future can be taken
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Expiration date and time / Last trading day & time
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At 12 noon, two working days prior to the last Mumbai Interbank Settlement day of
the month
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Min Price fluctuation / Tick size
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0.25 paise or INR 0.0025
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Settlement Daily Interim MTM settlement Final settlement
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Cash settled in INR Based on daily closing price of the contract Based on LTDs RBI
reference rate
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Margin required for 1 lot USD/INR
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1.75% on the first day & 1% thereafter
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Market timings
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9:00 am to 5:00 pm
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Events likely to impact USDINR rate
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General trend for demand/supply of USD
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Impact on USD
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Impact on INR
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Increase in exports of India
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Excess inflow of USD in the country
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Depreciates
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Appreciates
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RBI is selling USD to meet demand for the dollar
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Supply of USD increases
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Depreciates
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Appreciates
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NRI Forex remittance is increasing
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Increase in USD inflow
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Depreciates
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Appreciates
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Positive trade balance
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Increase in USD inflow
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Depreciates
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Appreciates
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Events likely to impact USDINR rate
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General trend for demand/supply of USD
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Impact on USD
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Impact on INR
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Increase in imports of India
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Demand for USD increases
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Appreciates
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Depreciates
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Rise in global prices of commodities
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Demand for USD rises due to costlier imports
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Appreciates
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Depreciates
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FIIs buying back USD
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Excessive USD outflow
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Appreciates
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Depreciates
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RBI is buying USD to absorb excess USD due to Forex inflows
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Absorption of excess USD liquidity
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Appreciates
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Depreciates
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