Published on: 2026-06-03
Source: Moscow Exchange –
An important disclaimer is at the bottom of this article.
On June 9, 2026, trading will start on the Moscow Exchange’s derivatives market with a settlement futures contract on the US dollar to Indian rupee exchange rate. The new instrument will expand the range of currency derivatives on the Moscow Exchange and provide market participants with additional opportunities for managing currency risks and implementing trading strategies.
The futures contract is aimed at a wide range of participants, including private and institutional investors, real sector companies, as well as participants interested in implementing trading strategies on the dynamics of currencies of the largest developing economies. The contract can be used for hedging currency risks, diversifying a currency portfolio, and implementing strategies aimed at changing the exchange rate of the US dollar against the Indian rupee.
Maria Patrikeeva, Managing Director of the Derivatives Market of the Moscow Exchange:
“The currency segment of the exchange derivatives market is popular among all categories of investors: banks, the corporate sector, algo traders, and private investors. The launch of the futures opens a convenient and technological access to the currency pair USD to Indian rupee for all categories of investors: professional market participants and private investors gain additional opportunities to work with currency risk, and the corporate sector gets an additional instrument for hedging risks.”
Parameters of the futures contract calculation for the US dollar exchange rate against the Indian rupee:
- contract code – UINR (short code – IN);
- Underlying asset – USD exchange rate to Indian rupee;
- The contract lot is 1,000 US dollars;
- Quotation dimension – Indian rupees per 1 US dollar;
- minimum price step – 0.0025 INR;
- The cost of a price step is 2.5 INR (~2 rubles);
- the last day of contract conclusion – the third Thursday of the month of execution;
- Execution price – cross-rate USD/INR, calculated based on the official exchange rate of the US dollar and Indian rupee to the ruble, established by the Bank of Russia on the last day of the contract conclusion.
Contract execution is quarterly, in March, June, September, and December. The last day for concluding the contract is the third Thursday of the execution month.
Starting June 9, contracts with expiration dates in September and December 2026 will become available to investors: UINR-9.26 (INU6), UINR-12.26 (INZ6).
The specification of the tool is placedon the Moscow Exchange website.
Urgent Market of the Moscow Exchange – a leading platform for trading derivative financial instruments in Russia and Eastern European countries, combining developed infrastructure, reliability and guarantees, as well as the most modern futures and options trading technologies. Today, 41 stock options, three currency options, a gold option, an index option, more than 160 futures and options contracts on underlying assets represented by stock indices, stocks, currency pairs, precious and industrial metals, oil, gas and other commodities, interest rates are traded in the derivatives market of the Moscow Exchange.
Please note; This information is raw content, obtained directly from the source of information. It represents an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.