Could not square off usdinr long aug position

I thought I had till until 2.30 pm to square off 1 lot long in usdinr aug contract , but I’m unable to do now and do not wish to take delivery of 1000 usd

My margin has been blocked , what will happen now ?

It will be cash settled at the RBI reference rate as of 1.30 PM.

So I will get my margin back tomorrow ?

Absolutely yes. Your money is safe. It will get credited tomorrow morning.

Thank you !

I also facing same issue. Shorted USD/INR and while squaring off it says the segment has matured. Margin is showing as blocked. Is there any cash settlement on it? If yes, then how much? currently it is showing as 90/- loss on my portfolio.
Any help appreciated.

Nothing to worry.

Cut off was at 12.30 today. Since you failed to sq/o, wait until tomorrow morning.

Your loss will be calculated based on RBI rate as of 1.30

Hello Joe,

If the rates are calculates as per closing at 1.30, then I would end up in profit it seems. Many Thanks for your reply :slight_smile: