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BSE to introduce weekly USD-INR futures and options contracts

BSE will launch weekly dollar-rupee futures and options contracts, on July 30.

As of now, monthly contracts are available on all approved currency pairs, including USD-INR currency pair. Now, SEBI has giving approval to weekly contracts on USD-INR futures and options.

In a release BSE stated, “For weekly USD-INR futures and options contracts, 11 weekly expiry contracts, excluding the expiry week of monthly contract, shall be available for trading.The last trading day for the contracts shall be every Friday of the week except for expiry week of monthly contract.”

Further the final settlement price of the contracts will be calculated using the RBI reference rate for USD-INR on the last trading day of the contract.

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