The successful performance of the Indian Rupee (INR) product suite (Monthly INR Futures, INR Quanto Futures, and INR Rupee Options) has paved the way to expand this suite by having Weekly Futures Contracts, offering more diverse trading opportunities. These Contracts are suitable for those market participants with shorter time frame hedging requirements.

INR/US Dollar Weekly Futures Contract expires every Friday (except where that coincides with the expiry of the standard INR/US Dollar Futures Contract), if the monthly Futures Contract expiry falls on a Friday, there will be no Weekly Futures Contract launched for that week.

  • Hedging window available long after Indian currency markets close
  • Arbitrage opportunity with the conventional monthly INR-USD contract
  • The Weekly Futures Contracts are suitable for those market participants with shorter time frame hedging requirements
  • Unique trading opportunity for Indians in the region and international funds with exposure to India to manage their risk
  • Cash settled in US Dollars (USD) against the official US Dollar/Indian Rupee rate as published by the Financial Benchmarks India Pvt Ltd (FBIL)
  • Capital efficiencies delivered through margin offsets against existing suite of INR/USD Currency Contracts
  • 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

Contract Specifications

ContractParameters
Contract TypeFuture
Contract NameIndian Rupee/ US Dollar Weekly Futures Contract
Contract SymbolDINRW
UnderlyingIndian Rupee
Contract Size2,000,000
Notional Contract ValueINR 2,000,000
Trading CurrencyUSD
Settlement CurrencyUSD
Price QuoteUS Dollars quoted in Cents per 100 Indian Rupees
Tick SizeUS$ 0.01
Tick ValueUS$ 2.00
Settlement BasisCash Only Settlement Contract
Final Cash Settlement Price (FCSP)FCSP is based on the official USDINR reference rate issued by relevant body on Last Trading Day
Last Trading Day (LTD)The Friday of each week
Trading DaysExchange Business Days*
Trading Hours 07:00 – 23:55 Hours Dubai time 07:00 – 11:30 (LTD)
Trading MonthsWeekly contracts for eight weeks forward
New Contract ListingBusiness Day immediately following the Last Trading Day
Max Order Size200 Lots
Wholesale TradesBlock Trade minimum size threshold: 50 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution
No Cancellation RangeSee link: www.dgcx.ae/price-limits

Contract Calendar

Expiry MonthExpiry CodeLast Trading Day
May'24DINRW-202405033-May-24
May'24DINRW-2024051010-May-24
May'24DINRW-2024051717-May-24
May'24DINRW-2024052424-May-24
May'24DINRW-2024053131-May-24
Jun'24DINRW-202406077-Jun-24
Jun'24DINRW-2024061414-Jun-24
Jun'24DINRW-2024062121-Jun-24