The Indian Rupee – USD futures contract is part of a key initiative of the DGCX, giving access to currencies that are relevant to the region. India is one of UAE’s largest trade partners and Non Resident Indians (NRIs) contribute over 30% of the total population of the UAE.
India’s economy is one of the fastest growing economies in the world and is consistently ranked highly in terms of GDP growth. The Indian Rupee liquidity pool has attracted the attention of numerous global entities to hedge their Indian Rupee risk offshore. This has enabled the DGCX to become the largest global liquidity pool in Indian Rupee futures and options. The smaller sized contract is aimed at corporations looking at more precise hedging requirements as well as the retail community.
Tracks and prices the largest global liquidity pool in INR Futures
Traded and Cash settled in US Dollars (USD) against the RBI reference rate eliminating basis risk
Tax Free – No transaction Tax and Zero Capital Gains tax
Basis 200,000 INR contract size, tick size USD $0.2
Hedging window available long after Indian currency markets close
Smaller contract size provides the opportunity to hedge for global participants with more precise hedging requirements and exposure to the Indian Rupee
Unique trading opportunity in the region to participate in global currency markets
The margin offsets by DCCC for inter-commodity spreads offers greater capital efficiency
Access to the largest global liquidity pools with narrow spreads
Traded on a globally recognized, regulated and safe platform permitting greater participation
| Contract | Parameters |
|---|---|
| Contract Symbol | DINRM |
| Underlying | Indian Rupee |
| Contract Size | INR 200,000 |
| Notional Contract Value | INR 200,000 |
| Trading Currency | USD |
| Settlement Currency | USD |
| Price Quote | USD quoted in Cents per 100 Indian Rupees (e.g. 155.73/155.74 US Cents per 100 Indian Rupees) |
| Tick Size | US$ 0.01 US Cents |
| Tick Value | US$ 0.2 |
| Settlement Basis | Cash Only Settlement Contract |
| 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 working day of the contract month |
| Trading Days | Monday through to Friday |
| Trading Hours | 07:00 - 23:55 Hours Dubai time (GMT+4) |
| Trading Months | Monthly contracts and spreads for twelve months forward |
| New Contract Listing | Business day immediately following the last trading day |
| Max Order Size | 2,000 Lots |
| EFP / EFS / Block Trades | As per DGCX By-Laws. Minimum Block size permitted is 200 contracts |
| Time Limit for Trade Registration - EFP / EFS / Block | Up to 5 minutes after cessation of trading on any trading day |
| Initial Margin based on SPAN | USD 50 per lot (subject to change) |
| Extra Margin | At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged |
| Calendar Spread Margin | 100% benefits is offered on calendar spread positions |
| Daily Price Movement limit | No Price Limits - Note 1* |
For the avoidance of "fat finger" errors, price bands shall be 1.5 US Cents from the previous settlement price. If the price breaches the daily price movement limit, trading in the particular contract shall continue, with the new trading price range without any cooling period
| Expiry Month | Expiry Code | Last Trading Day |
|---|---|---|
| Sep'24 | DINRM-20240926 | 26-Sep-24 |
| Oct'24 | DINRM-20241029 | 29-Oct-24 |
| Nov'24 | DINRM-20241127 | 27-Nov-24 |
| Dec'24 | DINRM-20241227 | 27-Dec-24 |
| Jan'25 | DINRM-20250129 | 29-Jan-25 |
| Feb'25 | DINRM-20250226 | 26-Feb-25 |
| Mar'25 | DINRM-20250327 | 27-Mar-25 |
| Apr'25 | DINRM-20250428 | 28-Apr-25 |
| May'25 | DINRM-20250528 | 28-May-25 |
| Jun'25 | DINRM-20250626 | 26-Jun-25 |
| Jul'25 | DINRM-20250729 | 29-Jul-25 |
| Aug'25 | DINRM-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.
