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Indian Rupee- United States Dollar Index futures contract is an extension of the Indian Rupee suite of derivatives. The Index contract is reflecting the USD INR rate of the Indian rupee and has a multiplier of 100 converting the rate into dollars. This allows market participants to trade the Indian Rupee volatility without taking any underlying exposure to the pair.
The contract is easy to understand because the price reflected in the Index is the internationally quoted USDINR convention. The Index nature of the contract causes the both USD and INR leg to be variable, providing extra beta to the contract making it very suitable for traders.
| Contract Type | Future |
| Contract Name | Indian Rupee Quanto |
| Contract Symbol | DINRI |
| Underlying | Indian Rupee |
| Contract Size | US$ 100 per Index Point (e.g. Index is at 65, then Contract Size will be US$ 100 x 65 = US$ 6,500) |
| Notional Contract Value | 100 Index Points |
| Trading Currency | USD |
| Settlement Currency | USD |
| Price Quote | US INR Quanto to 4 decimal places |
| Tick Size | 0.0025 Index Points |
| Tick Value | US$ 0.25 |
| 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 | 1,000 Lots |
| Wholesale Trades | Block Trade minimum size threshold: 200 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution |
Risk Warning: Investing in derivative products carries significant risks and may not be suitable for all investors. Volatility in these instruments can increase the level of risk and potential loss exposure. Before making any decision to engage in DGCX Derivaitive Products, it is essential to carefully assess your investment objectives, level of experience, and risk tolerance. You should only invest funds that you can afford to lose. We strongly encourage you to educate yourself thoroughly about the associated risks and, if you have any questions, seek advice from an independent financial or tax advisor.
GTC Multi Trading DMCC: is a limited company licensed and incorporated under the laws of the Dubai Multi Commodities Centre (No.DMCC-312687) and licensed by the Securities and Commodities Authority, United Arab Emirates (No.202200000007) to practice the activity of Commodity Brokerage – Trading and Clearing. Registered address: Unit No: 1501, 1 Lake Plaza, Plot No: JLT-PH2-T2A, Jumeirah Lakes Towers, Dubai, United Arab Emirates Website: www.gtcmtd.com
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