USDINR Option Selling Square off

If USDINR sold option expires OTM then what will happen ?

Do we need to square off before the expiry ?

I am new to USDINR so dont know about it.

You don’t have to square-off the position. As it is OTM, the option will expire worthless and you will get to keep the premium recieved.

Would suggest you check out this module on Varsity to learn more about Options:

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ok i thought there will be tax on it if we dont square off like in nifty.

even if it’s Nifty OTM, you don’t have to square off since it will expire worthlessly. Explained by @ShubhS9 here: