ICE Futures U.S.

Dollar Based Currency Pairs Indian Rupee/US Dollar

Dollar Based Currency Pairs Indian Rupee/US Dollar18918561


The Indian rupee is one of the most active and actively growing of the emerging market currencies. The ICE Futures U.S. cash-settled Indian rupee futures contract offers customers the ease of doing business in a regulated futures environment for execution and clearing. Exchange rules governing the trading of Indian rupee futures can be found in the ICE Futures U.S. Rulebook.

Market Specifications

Trading Screen Product Name
Trading Screen Hub Name
Contract Series
Monthly for all twelve calendar months for twelve calendar months (maturity range out one year) A new contract month is listed for trading on the business day following the last trading day of the expiring month contract.
Trading Hours
Electronic trading on Sunday from 6:00 PM to 5:00 PM ET on Monday; Monday - Friday: 8:00 PM to 5:00 PM ET, except on Friday, trading closes at 5:00 PM ET and reopens at 6:00 PM ET Sunday
Commodity Code
Contract Size
2,000,000 Indian Rupee
Price Quotation
U.S. dollars per rupee to six decimal places
Minimum Price Fluctuation
$.000001 per rupee/$2.00 per contract
Last Trading Day
The last trading day is two business days prior to the last business day of the contract month. Trading in the expiring contract ends at 12:00 noon Mumbai time on the last trading day.
Final Settlement
The final settlement value is the reciprocal of the “INR RBIB (INR01),” the Indian rupee per U.S. dollar spot exchange rate published by the Reserve Bank of India at approximately 12:30 pm Mumbai time on the last trading day for the expiring futures contract.
Settlement Method
Block Trade Minimum
Information about Block Trades, including the Minimum Quantity, can be found here.
Position Limit
Spot Month: 2,000 contracts (in effect for the last 5 trading days); all other months, a position accountability level of 10,000 contracts across all contract months
Trade at Settlement (TAS)
Rupee futures are eligible for TAS trading (For more information on TAS trading, see the ICE Futures U.S. TAS FAQ.
MIC Code
Clearing Venues

Trading Hours

New York8:00 PM - 5:00 PM*
20:00 - 17:00
7:30 PM
London12:00 AM - 9:00 PM*
00:00 - 21:00
11:30 PM
Singapore8:00 AM - 5:00 AM*
08:00 - 05:00
7:30 AM

*Next Day

**Sunday evening trading opens at 6:00 pm Eastern


Clearing Admin Name
R&N A.C.N.