Hedging Strategy for entities taking forex out of india - BUY USDINR Futures
Base Price of the futures contracts on the first day of its life shall be the theoretical futures price. The base price of the contracts on subsequent trading days will be the daily settlement price of the previous trading day.
Settlement Price or Closing Price for a futures contract is currently calculated as the last half an hour weighted average price of the contract. In case a futures contract is not traded on a day or not traded during the last half hour, a theoretical settlement price is computed
The currency futures contracts are available for trading for all maturities from 1 to 12 months. In addition to these, 11 weekly expiry contracts are also available.
Trading Members (TM) are members of an authorized Exchange. They can trade either on their own account or on behalf of their clients including participants. The exchange assigns a trading member ID to each trading member.
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