Contract Unit 1,000,000 INR (≈ USD $15,728 as of June 18, 2015)
(10 lakh)
Price Quotation U.S. Cents per 100 Indian Rupees
(e.g., 154.40 / 154.41 U.S. Cents per 100 Indian Rupees)
Trading Hours CME Globex: Sunday: 5:00 p.m. - 4:00 p.m. CT next day. Monday - Friday: 5:00 p.m. - 4:00 p.m. CT the next day, except on Friday - closes at 4:00 p.m. and reopens Sunday at 5:00 p.m. CT.
CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday 5:45 p.m. – 6:00 p.m. CT
Minimum Price Fluctuation 0.01 U.S. cents per 100 INR increments ($1.00/tick). Also, trades can occur in 0.005 U.S. cents per 100 INR increments ($0.50/contract) for INR/USD futures intracurrency spreads executed on CME Globex®.
Product Code CME Globex: MIR
CME ClearPort: MIR
Clearing: MIR
Listed Contracts Monthly contracts listed for 12 consecutive months.
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 Settlement Procedure
Position Limits CME Position Limits
Exchange Rulebook CME 296
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing