Hi, I bought USDINR mis future for October today and it expired at 12:30 today. I forgot to book profit. Which price will I get now and when? Will the price deviate a lot from the 12:30 price?
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RBI announces something called reference rate at 1.30 pm on every working day and this rate would work as settlement rate. Ideally this should not divert much from the 12.30 price.
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Ok thanks. One more thing. My margin for that trade is still locked. Will it be locked for the whole day and free up the next day?
Right.
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Yes even that happened with me and its showing -5 ₹ IN MTM