Indian Rupee Futures

Indian Rupee Futures

 

What are Forex Futures?

The forex futures market is a derivative of the world’s largest financial market, the forex market. Although this forex derivative makes up only one one-hundredth of the total forex market daily trading volume of US$1 trillion, it is considered one of the best forex trading methods amongst traders. Like traditional futures contracts, forex futures contracts are simply the buying or selling of a specific currency at a set price, time, contract size and location. These publically traded contracts are traded on a number of futures exchanges around the world, the most popular being the Chicago Mercantile Exchange. 

 

 

Forex Futures Contracts

Forex futures exchanges standardize each contract, allowing them to have their own unique characteristics. For example, CAD/USD futures have a contract size of CAD $100,000, while the CHF/USD contract size 125,000 Swiss francs.

 

Advantages of trading Forex Futures

 

Low Spreads

Compared to spot contracts, forex futures spreads are significantly lower. This allows traders with limited funds to more conveniently invest in forex futures

 

Transaction Cost

The forex futures transaction cost is basically the fee charged by exchanges for buying/selling a contract. Forex futures transaction costs is also considerably lower, allowing for a more lucrative trading experience.

 

 

Higher Leverage

The relatively high forex futures leverage will give a potential significant boost to the trader’s return on investment.

 

How is the Rupee doing this year?

The Indian Rupee is the official currency of the country, India. The Reserve Bank of India is in charge of issuing the currency. Dubai’s first commodity derivatives exchange, DGCX, has recorded a near to 40% increase in the overall trading volume of the Rupee compared to last year. With over 14.7 million number of Rupee contracts traded this year, the Indian Rupee has a seemingly bright future ahead.

 

 

How to trade forex futures successfully is largely dependent on the trader’s awareness of updated economic news effecting the forex market, as well a through understanding of fundamental and technical analysis. PCM International is honored to hold the title of “the best future and forex broker” by many of its customers. This title has been earned because PCM International provides traders with all the resources needed to trade forex and futures contracts. How to trade forex futures successfully is largely dependent on the trader’s awareness of updated economic news effecting the forex market, as well a through understanding of fundamental and technical analysis. One of the resources mentioned above, by PCM International, is the “Economic News” page that provides traders with news that may affect their current/future trades.

Visit our “Economic News” section at: http://fxpcm.com/en/forex/economic-news

 

Indian Rupee Futures

Symbol

Contract Size

Delivery Months

Last Trading Day

Settlement Day

New Contract Listing

Price Quote

Tick Size

Trading Days

Trading Hours

Maximum Order Size

Price Limit

Wholesale Trades

Cash Settlement Price Basis

DINR

INR 2,000,000

Monthly contracts for twelve months forward

Two Business Days prior to the last working day of the contract month

The Business Day immediately following the last day of expiring contract

Business day immediately following the last trading day

US$ quoted in Cents per 100 Indian Rupees ( e.g. 209.56 /209.62 US Cents per 100 Indian Rupees)

US$ 0.000001 per INR or US$ 2 per tick

Monday through to Friday

07:00 - 23:30 Hours Dubai time (GMT+4)

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

No Price Limits - Note 1*

EFS, EFP, Block trade facilities available

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

Initial Margin based on SPAN

Calendar Spread Margin

Spread Position Margin

Extra Margin

Delivery Period Margin

Click on the "Initial Margin" TAB

100% benefits is offered on calendar spread positions

Nil on matched positions

At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged

Not applicable