NSE introduces USD-INR weekly currency futures contracts from Oct 11

Flattrade October 5, 2021

The National Stock Exchange of India (NSE) will introduce Weekly Futures contracts on US Dollar Indian Rupee currency pair which will be available for trading under Currency Derivatives segment starting from October 11, 2021. The NSE has got the necessary approval from market regulator SEBI.

The contract size will be $1,000 and there will be eleven serial weekly futures contracts available for trading, excluding expiry week wherein monthly contracts expires on a Friday. The contracts will expire at 12:30 pm on Friday of the expiring week.

You as traders will have more flexibility trading this weekly futures contract and you can use it as a hedging tool to manage your risks arising from short-term market movements.

To access the NSE circular, click here

Flattrade October 5, 2021

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“Attention Investors 1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. 2.Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. 3. Pay 20% upfront margin of the transaction value to trade in cash market segment 4. Investors may please refer to the Exchange’s Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. 5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. Issued in the interest of Investors”

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