The successful performance of the Indian Rupee (INR) product suite (Monthly INR Futures, INR Quanto Futures, and INR Rupee Options) has paved the way to expand this suite by having Weekly Futures Contracts, offering more diverse trading opportunities. These Contracts are suitable for those market participants with shorter time frame hedging requirements.
INR/US Dollar Weekly Futures Contract expires every Friday (except where that coincides with the expiry of the standard INR/US Dollar Futures Contract), if the monthly Futures Contract expiry falls on a Friday, there will be no Weekly Futures Contract launched for that week.
- Hedging window available long after Indian currency markets close
- Arbitrage opportunity with the conventional monthly INR-USD contract
- The Weekly Futures Contracts are suitable for those market participants with shorter time frame hedging requirements
- Unique trading opportunity for Indians in the region and international funds with exposure to India to manage their risk
- Cash settled in US Dollars (USD) against the official US Dollar/Indian Rupee rate as published by the Financial Benchmarks India Pvt Ltd (FBIL)
- Capital efficiencies delivered through margin offsets against existing suite of INR/USD Currency Contracts
- 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 Specifications
| Contract | Parameters |
| Contract Type | Future |
| Contract Name | Indian Rupee/ US Dollar Weekly Futures Contract |
| Contract Symbol | DINRW |
| Underlying | Indian Rupee |
| Contract Size | 2,000,000 |
| Notional Contract Value | INR 2,000,000 |
| Trading Currency | USD |
| Settlement Currency | USD |
| Price Quote | US Dollars quoted in Cents per 100 Indian Rupees |
| Tick Size | US$ 0.01 |
| Tick Value | US$ 2.00 |
| 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 |
| Last Trading Day (LTD) | The Friday of each week |
| Trading Days | Exchange Business Days* |
| Trading Hours | 07:00 – 23:55 Hours Dubai time 07:00 – 11:30 (LTD) |
| Trading Months | Weekly contracts for eight weeks forward |
| New Contract Listing | Business Day immediately following the Last Trading Day |
| Max Order Size | 200 Lots |
| Wholesale Trades | Block Trade minimum size threshold: 50 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution |
| No Cancellation Range | See link: www.dgcx.ae/price-limits |
Contract Calendar
| Expiry Month | Expiry Code | Last Trading Day |
|---|---|---|
| Dec'24 | DINRW-20241220 | 20-Dec-24 |
| Jan'25 | DINRW-20250103 | 3-Jan-25 |
| Jan'25 | DINRW-20250110 | 10-Jan-25 |
| Jan'25 | DINRW-20250117 | 17-Jan-25 |
| Jan'25 | DINRW-20250124 | 24-Jan-25 |
| Jan'25 | DINRW-20250131 | 31-Jan-25 |
| Feb25 | DINRW-20250207 | 7-Feb-25 |
| Feb25 | DINRW-20250214 | 14-Feb-25 |