It is a European option that is quoted in INR terms. Unlike USD/INR futures which are available for 12 months forward, the options contracts are only available for 3 months forwards. Every contract will have 25 strikes i.e. 12 ITM, 12 OTM and 1 ATM strike.

Niraja Mehtaanswered.It is a European option that is quoted in INR terms. Unlike USD/INR futures which are available for 12 months forward, the options contracts are only available for 3 months forwards. Every contract will have 25 strikes i.e. 12 ITM, 12 OTM and 1 ATM strike.