27 Nov 2018, 12:30 PM
Introduction of Weekly Options contracts on USDINR
NSE has introduced weekly options contracts on USDINR. The contract will begin trading from December 3, 2018.
Find the Contract details below:
Symbol: USDINR
Expiry date: Every Friday of the week. In case the Friday is a trading holiday, the previous trading day shall be the expiry/last trading day. All contracts shall expire at 12:30 pm. on the expiry day.
Contract cycle: 11 serial weekly contracts expiring on Friday, excluding expiry week wherein monthly contracts expire on a Friday.
Unit of Trading: Interest on a notional principal of Rs. 5 crores for one month calculated on 30/365 day basis at a rate equal to average daily FBIL overnight MIBOR for the contract month.
Tick size: Quarter basis point (0.25 basis point i.e. 0.0025)
Trading hours 9.00 am to 5.00 pm (Monday to Friday)
You will be allowed to trade in this contract if you have the currency derivatives segment enabled on your account. Find more details of the contract here