Product Overview

What are Indian Rupee futures?

At 1/10th the size of standard Indian rupee futures and 1/10th the risk exposure, these futures contracts allow market participants of all sizes to take a position on the value of the Indian rupeevs. the US dollar.

Why trade Indian Rupee futures?

  1. Enables you to take a position on one of the world’s fastest-growing growing economies (fifth largest in nominal GDP and third largest in terms of purchasing power parity).
  2. Allows you to customize your exposure with a smaller-sized contract.
  3. Futures offer ease of exposure compared to stocks, given increases in trade protectionism and recent outflows of foreign funds.

How do you trade Indian Rupee futures?

If you have exposure to foreign currencies or are looking to accept risk in the FX marketplace, trading FX futures offers you the opportunity to hedge your risk or express an opinion on the value of one currency versus another.

Ready to get started trading futures?  Youll need to open an account with a broker.  Click Here to View a Broker List

Contract Specifications


Contract Month

All 12 months of the year

Trading Hours

CME Globex: Sun-Fri: 5:00 p.m. to 4:00 p.m. Mon-Fri: Daily trading halt from 3:15 p.m. to 3:30 p.m.

Product

Micro INR/USD

Contract Size

1M rupee

Trading Venue

CME offers electronic trading almost 24/11

Minimum Tick

0.01 USD per INR

Product Symbol

MIR

Dollar Value of One Tick

$1 per contract

Exchange Rulebook

CME 296

Settlement Procedures

Settlement Procedure

Price Limit or Circuit

Price Limits

Settlement Method

Financially Settled

Options Available

Monthly

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. 

Contract Specifications


Product Name

Options Expirations

Options Symbol

Trading Venue

Trading Hours

CME Globex: Sun-Fri: 5:00 p.m. to 4:00 p.m. Mon-Fri: Daily trading halt from 3:15 p.m. to 3:30 p.m.

Type Of Expiration

Minimum Tick Size

Micro INR/USD MIR Price

Open
High
Low
Change
% Change
Volume
( )
Last Trade as of CST. 10 Minutes Delayed Quote. Powered by CQG

Futures Calendar

29 NOV
No Event