Indian Rupee- United States Dollar Index futures contract is an extension of the Indian Rupee suite of derivatives. The Index contract is reflecting the USD INR rate of the Indian rupee and has a multiplier of 100 converting the rate into dollars. This allows market participants to trade the Indian Rupee volatility without taking any underlying exposure to the pair.
The contract is easy to understand because the price reflected in the Index is the internationally quoted USDINR convention.The Index nature of the contract causes the both USD and INR leg to be variable, providing extra beta to the contract making it very suitable for traders.
Hedging window available long after Indian currency markets close
Arbitrage opportunity with the conventional INR-USD contract traded on the index
Low size, and impact cost makes it a very good contract for traders
Unique trading opportunity for Indians in the region and international funds with exposure to India to manage their risk
Contract size is variable and depends on the Indian Rupee movement against the USD, making it better to take advantage on movements in the Indian Rupee
Cash settled in USD on the Indian Central Bank reference rate eliminating any basis risk
UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
Market hours from 7.30 AM India time till 1.25 AM India time
Overlaps most trading zones including Europe and United States
| Contract | Parameters |
|---|---|
| Contract Type | Future |
| Contract Name | Indian Rupee Quanto |
| Contract Symbol | DINRI |
| Underlying | Indian Rupee |
| Contract Size | US$ 100 per Index Point (e.g. Index is at 65, then Contract Size will be US$ 100 x 65 = US$ 6,500) |
| Notional Contract Value | 100 Index Points |
| Trading Currency | USD |
| Settlement Currency | USD |
| Price Quote | US INR Quanto to 4 decimal places |
| Tick Size | 0.0025 Index Points |
| Tick Value | US$ 0.25 |
| Settlement Currency | Cash Settled |
| Price Quote | US INR Quanto to 4 decimal places |
| Final Cash Settlement Price (FCSP) | FCSP is based on the official USDINR reference rate issued by relevant body on Last Trading Day (rounded to 4 decimal places) |
| Last Trading Day (LTD) | Two Business Days prior to the last Business Day of the contract month |
| Trading Days | Exchange Business Days* |
| Trading Hours | 07:00 – 23:55 Hours Dubai time |
| Trading Months | Monthly contracts for twelve months forward |
| New Contract Listing | Business Day immediately following the Last Trading Day |
| Max Order Size | 1,000 Lots |
| Wholesale Trades | Block Trade minimum size threshold: 200 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution |
| No Cancellation Range | See link: www.dgcx.ae/price-limits |
| Expiry Month | Expiry Code | Last Trading Day |
|---|---|---|
| Sep'24 | DINRI-20240926 | 26-Sep-24 |
| Oct'24 | DINRI-20241029 | 29-Oct-24 |
| Nov'24 | DINRI-20241127 | 27-Nov-24 |
| Dec'24 | DINRI-20241227 | 27-Dec-24 |
| Jan'25 | DINRI-20250129 | 29-Jan-25 |
| Feb'25 | DINRI-20250226 | 26-Feb-25 |
| Mar'25 | DINRI-20250327 | 27-Mar-25 |
| Apr'25 | DINRI-20250428 | 28-Apr-25 |
| May'25 | DINRI-20250528 | 28-May-25 |
| Jun'25 | DINRI-20250626 | 26-Jun-25 |
| Jul'25 | DINRI-20250729 | 29-Jul-25 |
| Aug'25 | DINRI-20250827 | 27-Aug-25 |
Aertram Trades DMCC, a leading name in the world of commodities trading on the Dubai Gold and Commodities Exchange (DGCX).
1808, Gold Crest Executive ,
Cluster C, Jumeirah Lakes Towers, Dubai, United Arab Emirates,P.O Box 231076.
For any complaint-related queries:
grievance@aetramtrades.ae
For support and service-related queries:
support@aetramtrades.ae
For all other information-related queries:
info@aetramtrades.ae
Disclaimer:
AETRAM Trades DMCC (hereinafter referred to as "AETRAM") is a registered company with the Dubai Gold & Commodities Exchange (DGCX) and offers trading services for various products listed on the DGCX platform. As a potential investor, it is important to be aware of the risks involved in trading commodities and financial derivatives.
AETRAM Trades DMCC (Registration No. DMCC0548, License No. DMCC-30297) is a duly licensed and regulated entity by the CMA (Capital Market Authority), formerly known as SCA ( Securities and Commodities Authority) of the United Arab Emirates, holding License No. 607017 to conduct Commodity Brokerage in Trading and General Clearing. Our registered office is located at 1808, Gold Crest Executive Tower, Cluster C, Jumeirah Lakes Towers, Dubai, United Arab Emirates, P.O Box 231076.
Trading in commodities and financial derivatives carries inherent risks, and the value of investments can fluctuate, potentially leading to losses that may exceed the initial investment. The commodities and financial derivatives markets are subject to rapid and unpredictable price changes due to various factors, including economic conditions, geopolitical events, and market sentiment. It is crucial to note that past performance is not indicative of future results, and AETRAM does not guarantee any profits or specific investment outcomes.
The information and materials provided by AETRAM are intended for educational and informational purposes only and should not be considered as financial advice. Before making any investment decisions, investors are strongly advised to seek independent professional advice. Clients of AETRAM must comply with the rules and regulations set forth by the DGCX, as failure to do so may result in disciplinary actions. By engaging in trading activities with AETRAM, investors acknowledge and accept the risks involved in trading commodities and financial derivatives. AETRAM shall not be held responsible for any losses incurred by investors, and investors trade at their own risk. It is of utmost importance for investors to thoroughly review and understand the terms and conditions provided by AETRAM and the DGCX before proceeding with any trading activities.
By accessing our website and using the information provided, you acknowledge that you have read and understood this disclaimer and agree to its terms. Trading in commodities and financial derivatives involves inherent risks, and you undertake any transactions at your own discretion and risk. AETRAM Trades DMCC shall not be liable for any losses or damages incurred from your use of the information provided on our website.** This website's information is not intended for use by anybody residing outside UAE or where such use would violate local laws or regulations.
Risk Disclaimer:
Trading Forex and Leveraged Financial Instruments carries a substantial risk and may result in the loss of your invested capital. Only invest funds you can afford to lose and ensure you thoroughly understand the risks involved. Trading leveraged products may not be suitable for all investors. Prior to trading, consider your level of experience, and investment objectives, and seek independent financial advice if needed. The Client is responsible for determining whether they are permitted to use AETRAM TRADES DMCC services based on legal requirements in their country of residence.
"AETRAM TRADES DMCC does not offer its services to residents of specific regions, including Afghanistan, Belgium, Bosnia & Herzegovina, Burundi, Eritrea, Gaza Strip, Haiti, Iran, Iraq, Japan, Lao, Libya, Myanmar, North Korea, Somalia, South Sudan, Sudan, Syria, USA, Venezuela, West Bank, and Yemen."
For complaints and Grievance, please write to us: complaints@aetramtrades.ae.
