USD INR Currency Futures Contract Details and Trading

So, you're interested in trading USD INR currency futures? Let's dive into the contract details and trading specifics.

The USD INR currency futures contract has a standard contract size of 100,000 units of the Indian rupee, also known as INR.

Trading hours for USD INR currency futures are from 9:00 AM to 5:00 PM IST, Monday to Friday.

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The contract specifications for USD INR currency futures are quite interesting. The contract size, also known as the lot size, is $1000.

The price quotation for USD INR currency futures is in Indian Rupees (INR). The tick size, which is the smallest movement permitted by the market, is not explicitly mentioned, but the PMEX 100gms gold futures contract has a tick size of Re. 1 as a reference.

The tick value, which is the smallest profit or loss that can be made from owning a single contract position, can be calculated using the formula: Contract Size x Tick Size = Tick Value.

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The contract specifications document outlines the rules for final settlement and delivery after the expiration of a futures contract. The delivery date or delivery schedule is specified by the exchange, and it's usually later than the contract's expiration date.

The exchange debits and credits all accounts with daily profits and losses estimated by the mark-to-market mechanism, a process known as daily settling.

You can place various types of orders in the USD/INR currency futures market, including Market Order, Limit Order, and Stop Order.

A Market Order is executed immediately at the current market price, which is the price at which the last trade was executed.

In contrast, a Limit Order allows you to set a specific price at which you want to buy or sell the currency, and it will only be executed if that price is reached.

The USD/INR currency futures market is a leveraged market, meaning you can control a large position with a relatively small amount of capital.

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The USD INR options contract is only available for the USD INR pair, but it's possible that other currency pairs may be added in the future.

The option expiry style for USD INR options contracts is European, which means that the option can only be exercised on the expiration date.

You can trade USD INR options contracts for a period of 3 months, with contracts available for July, August, and September since we are currently in July.

Around 25 different strikes are available for you to select from, ranging from In the Money to Out of the Money to Near the Money and 0.25 paisa intervals.

The settlement price for USD INR options contracts is based on the Indian Rupee benchmark rate set by the Reserve Bank of India on the day of expiration.

The lot size for USD INR options contracts is $1000, which is a standard size for trading in the market.

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If you buy a call option with a strike price of 67.0000 and a premium of 0.7400, your premium outlay would be $740.

With a spot price of 67.1848, you can choose to close your trade right away and make a profit of $35 per lot.

If you were to sell/write this option instead, you would need to deposit a margin of Rs.2,390/-, which you can estimate using Zerodha's F&O Margin calculator.

There are several types of orders in trading, each with its own unique characteristics.

Market orders are executed immediately at the current market price, which can be either a buy or sell order.

Limit orders are used to buy or sell a security at a specific price, and they can be either a market order or a limit order.

Stop-loss orders are used to limit losses by automatically selling a security when it falls below a certain price.

A stop-loss order is essentially a limit order that is triggered when the market price reaches a certain level, at which point it becomes a market order.

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The USD/INR currency futures market is known for its high liquidity, with an average daily trading volume of 15,000 contracts. This liquidity is a result of the large number of participants in the market.

The USD/INR currency futures contract has a notional value of $125,000, which is the equivalent of approximately ₹9.5 million. This large notional value makes the contract an attractive option for traders and investors.

The performance of the USD/INR currency futures contract is heavily influenced by the Reserve Bank of India's (RBI) monetary policy decisions, which can impact the value of the rupee.

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The price performance of this investment has been a bit of a rollercoaster ride. The period low was 115.030 on January 14th, 2025, which is actually a 0.30% increase from its previous low.

Looking at the 1-month performance, we see that the price has dropped by 2.010 since December 17th, 2024, which is a decline of 1.71%. This is a significant drop, and it's worth keeping an eye on.

The 3-month performance is also worth noting. The period low was again 115.030 on January 14th, 2025, but the period high was 119.880 on November 8th, 2024. This is a drop of 3.76% from the high.

Here's a summary of the performance:

The Barchart Technical Opinion is a crucial aspect of understanding market trends. It's a 100% Sell rating with a Strengthening short term outlook on maintaining the current direction.

According to the Barchart Technical Opinion, the long term indicators fully support a continuation of the trend. This suggests that the current direction is likely to persist over time.

The Barchart Technical Opinion is a reliable indicator of market trends, providing a clear direction for investors to follow. Its 100% Sell rating indicates a strong signal to sell, which can be a valuable tool for making informed investment decisions.

The Strengthening short term outlook adds an extra layer of confidence to the Sell rating, indicating that the current direction is likely to continue in the short term. This can help investors make more informed decisions and avoid potential losses.

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Key Turning Points are crucial for understanding the market's behavior. The 3rd Resistance Point stands at 115.613.

The 2nd Resistance Point is slightly lower at 115.537. This level can be a strong barrier for price movement.

The 1st Resistance Point is 115.453, and it's essential to keep an eye on it. A breach above this level could signal a significant shift in market sentiment.

The Last Price is currently at 115.370s, and it's a good idea to monitor it closely. A drop below this level could indicate a change in market direction.

Here are the key resistance levels:

The 1st Support Level is 115.293, and it's a strong level of support.