today i shorted USDINR apr future in the morning,but now it it not trading whats that i am missing?
All the contracts of APRIL series expired at 12 PM Noon today, So you can’t trade or square off the position. The same will be cash settled by Exchange at EOD. You can trade in MAY or any other available contracts.
Acc to Settlement Cycle, Currecny Contracts will expire 2 days prior to the last working day & at 12 PM of the Expiry month. The same is also available in zerodha brokerage calculator. http://zerodha.com/brokerage_calculator
thanks for your reply.