Usdinr Square off

What will happen if I Didn’t Square off USDINR Option Postion on Expiry Day…
Will I Be Charged Brokerage of Squareoff Trade During Settelement Even if I haven’t Squared off the Positions?
And is There any Penelty if i Didn’t Square off ?

Depends whether your position expires OTM or ITM, if the position expires OTM, it’ll expire worthless and no brokerage will be charged.

If the position expires ITM, brokerage will be applicable as it normally is for F&O trades.

There are is no penalty for letting your position expire.

Obiously there will be some kind of penalty charges . By the way ,the chart of USDINR is quite beautiful . I am goona make a short position .

What is The Penelty? Can You Pls Send Any Link?..

There was a typo. Sorry. There is no penalty for letting your position expire.