Both institutions and individuals trade in currency derivatives. It is one of the most liquid segments at the exchange. Price movement provide an opportunity to trade in currency derivatives.
In Currency Derivatives Segment (CDS), four INR pairs are available for trading at NSE.
In a currency pair, left hand side currency is known as base currency and right hand side currency is termed as quote currency. At an exchange base currency is traded for quote currency.
Currency contracts are cash settled in INR.
Both Futures and Options are available for trading in Currency Derivatives
Market is open from 9:00 AM to 5:00 PM
Tick size in currency derivatives is 0.0025 (25% of one paise)
Daily MTM is done on T+1 and Final Settlement is done on T+2 basis
Highest trading volume is observed in USDINR with more than 90% amongst all currency pairs.
One Lot =1000 Base Currency except in JPY; i.e. 1000 USD, 1,000 GBP, 1000 EUR, 100,000 JPY
Margin requirement is very low and is in range of 3 to 5% (lowest in USDINR)
Monthly and Weekly Contracts are available for trading in all INR pairs
Weekly Futures expire on every Friday
Monthly Futures expire two days before last working day of a month by 12:30 PM
Contracts are settled at RBI reference rate
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