INR – USD Futures

  • Indian Rupee- United States dollar futures contract is a part of the key initiative of the exchange to give access to currencies that are relevant to the region. India is one of UAE’s largest trade partner and Indian’s consist of over 30% of the total populace of UAE.

    Indian economy is one of the fastest growing economies in the world and is ranked third in global GDP on a PPP basis. The Indian Rupee contract has attracted the attention of several global funds and organizations to hedge their Indian Rupee risk offshore in UAE

    • Hedging window available long after Indian currency markets close
    • Arbitrage opportunity with the conventional INR-USD contract traded on the index
    • Low size , and impact cost makes it a very good contract for traders
    • Unique trading opportunity for Indians in the region and international funds with exposure to India to manage their risk
    • Contract size is variable and depends on the Indian Rupee movement against the USD, making it better to take advantage on movements in the Indian Rupee
    • Cash settled in USD on the Indian Central Bank reference rate eliminating any basis risk
    • UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
    • Market hours from 7.30 AM India time till 1.25 AM India time
    • Overlaps most trading zones including Europe and United States
  • ContractParameters
    Contract Type Future
    Contract Name Indian Rupee/US Dollar
    Contract Symbol DINR
    Underlying Indian Rupee
    Contract Size INR 2,000,000
    Notional Contract Value INR 2,000,000
    Trading Currency USD
    Settlement Currency USD
    Price Quote US Dollars quoted in Cents per 100 Indian Rupees
    Tick Size US$ 0.01
    Tick Value US$ 2.00
    Settlement Basis Cash Settled
    Final Cash Settlement Price (FCSP) FCSP is based on the official USDINR reference rate issued by relevant body on Last Trading Day (rounded to 4 decimal places)
    Last Trading Day (LTD) Two Business Days prior to the last Business Day of the contract month
    Trading Days Exchange Business Days*
    Trading Hours 07:00 – 23:55 Hours Dubai time
    Trading Months Monthly contracts for twelve months forward
    New Contract Listing Business Day immediately following the Last Trading Day
    Max Order Size 200 Lots
    Wholesale Trades Block Trade minimum size threshold: 50 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution
    No Cancellation Range See link: www.dgcx.ae/price-limits


    *See Exchange By-Laws Part M
  • Expiry MonthExpiry CodeLast Trading Day
    Oct'18 DINR-20181029 29 Oct 2018
    Nov'18 DINR-20181128 28 Nov 2018
    Dec'18 DINR-20181227 27 Dec 2018
    Jan'19 DINR-20190129 29 Jan 2019
    Feb'19 DINR-20190226 26 Feb 2019
    Mar'19 DINR-20190327 27 Mar 2019
    Apr'19 DINR-20190426 26 Apr 2019
    May'19 DINR-20190529 29 May 2019
    Jun'19 DINR-20190626 26 Jun 2019
    Jul'19 DINR-20190729 29 Jul 2019
    Aug'19 DINR-20190828 28 Aug 2019
    Sep'19 DINR-20190926 26 Sep 2019