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World Currencies

Commodity Prices

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Currency

The Currency futures is comparatively new product in the market and We do serve our clients with this product too.

With a view to enable entities to manage volatility in the currency market, RBI on April 20, 2007 issued comprehensive guidelines on the usage of foreign currency forwards, swaps and options in the OTC market. At the same time, RBI also set up an Internal Working Group to explore the advantages of introducing currency futures. The Report of the Internal Working Group of RBI submitted in April 2008, recommended the introduction of exchange traded currency futures.

The contract specification in a tabular form is as under :

Underlying

Rate of exchange between one USD and
INR

Trading Hours
(Monday to Friday)

09:00 a.m. to 05:00 p.m.

Contract Size

USD 1000

Tick Size

0.25 paisa or INR 0.0025

Trading Period

Maximum expiration period of 12 months

Contract Months

12 near calendar months

Final       Settlement         date/
Value date

Last working day of the month (subject to
holiday calendars)

Last Trading Day

Two working days prior to Final Settlement
Date

Settlement

Cash settled

Final Settlement Price

The        reference            rate        fixed      by           RBI                two
working days prior to the final settlement
date will be used for final settlement

 

Chandrakala family will leave no stone unturned to deliver trustworthy services.

 

 

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