Contract Specification of Currency Futures - Process, Examples

Currency Derivatives, in India, are of four different pair’s i.e. USDINR, EURINR, GBPINR and JPYINR. Spot Price is equal to the exchange rate. Futures Price is the current price of the futures contract on the currency pair. Except JPYINR contract size of the remaining pairs is 1000 while for the JPYINR it is 100,000. In India currency derivatives contracts have a trade cycle of one-month two month and three-month. The final settlement of the contract is on the last business day of the month except Saturday. Expiry date occurs two working days before the final settlement date. Tick Size is Rs .0025.

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