You can now trade in weekly BSE currency Futures and Options contracts on Kite.
The contract specifications are as below:
|Unit of trading||USDINR: 1 unit denotes 1000 USD.|
|Underlying / Order Quotation||The exchange rate in Indian Rupees for US Dollars|
|Tick size||INR 0.0025|
|Trading hours||Monday to Friday 9:00 a.m. to 5:00 p.m.|
|Contract cycle||11 serial weekly contracts expiring on Friday, excluding expiry week where monthly contract expires on a Friday. If the last Friday of the expiring week is a trading holiday, then the expiry day is the previous trading day|
|Last trading day||Friday of the expiring week at 12:30 pm|
|Quantity freeze||5001 or greater|
|Settlement||Daily settlement: T+1 / Final settlement: T+2|
|Mode of settlement||Cash settled in Indian Rupees|
|Daily settlement price||Calculated based on the last half an hour weighted average price of futures across exchanges|
|Final settlement price||Reference rate published by FBIL for INR / 1 USD pair|
You can check out the charges for trading in the Currency segment here:
You can learn more about Currency trading in this module on Varsity:
Note: Currently weekly contracts of only USDINR are available for trading. Other currency pairs will be made available soon.