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Indian Rupee/USD Futures Contract Specs

Contract Unit 5,000,000 Indian rupees
Price Quotation U.S. Cents per 100 Indian Rupees
(e.g., 154.40 / 154.41 U.S. Cents per 100 Indian Rupees)
Trading Hours Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m.
Minimum Price Fluctuation 0.01 U.S. cents per 100 INR increments ($5.00/tick). Also, trades can occur in 0.005 U.S. cents per 100 INR increments ($2.50/contract) for INR futures intra currency spreads executed on CME Globex®.
Product Code CME Globex: SIR
CME ClearPort: SIR
Clearing: SIR
Listed Contracts Monthly contracts listed for 12 consecutive months plus 4 March quarterly months (2-year maturity range)
Settlement Method Financially Settled
Termination Of Trading Trading terminates at 12:00 noon Mumbai time two Indian business days immediately preceding the last Indian business day of the contract month.
Settlement Procedures INR/USD Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 279
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing