Where to get USDINR spot data for trading USDINR options?

General
1

RBI reference rate is published only once a day.

How do USDINR option prices move and where can i find the spot USDINR rates?

Are USDINR option prices based on this reference rate only ?
For eg: SBI option prices are based on the changes in SBI stock price.
Similarly, I need to understand what is the spot rate considered for USDINR options
Is it the RBI ref rate only or something else like Spot market rate

And where can i get the spot market data real time

2

Here you go - https://rbi.org.in/scripts/ReferenceRateArchive.aspx

3

Thanks Karthik…
Are option prices based on this reference rate only ?
For eg: SBI option prices are based on the changes in SBI stock price.
Similarly, I need to understand what is the spot rate considered for USDINR options
Is it the RBI ref rate only or something else like Spot market rate

4

No, the option are based USDINR futures.

1 Like
5

@Karthik so on expiry will be base on fut rate of USDINR ? for Options

6

The Spot rates are the ones declared by FBIL (you can find the site through the RBI website).

Go to “Foreign Exchange” after you visit the page. These are the spot prices on which option expiry price is determined.

7

Barchart and many other websites.

8

FBIL values are the Overnight or the settlement values only. They are useful if you want to know the final value on expiry day.

1 Like
9

Expiry settlement price is updated in FBIL

10

Your question reveals a flawed knowledge or gaps in understanding.

I will be more than happy to explain in detail if you were to break up your question or you can DM me.

Options price has extrinsic value; SPOT does not.

So, unless you mean to know the settlement price on expiry afternoon, your question is not going to add value.