Can you please tell the formula for how WTI crude oil in dollar is converted to MCX crude oil. Eg: Current price is $46. 71 and how this price is calculated in MCX crude oil the formula

You need to look at the next month rate of crude oil trading on CME, and multiply by the exchange USDINR rate to get current month theoretical  MCX crude contract value.

You can check the rate of crude on CME on this link

So for example, to find the price of July crude on MCX,

August crude is currently at $45.70, USDINR on NSE at 67.2825

So technically July crude oil on MCX  should be 45.7 * 67.2825 = Rs 3075

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