InvestorQ : How many contracts are there in currency pair of USD/INR at any point on the options front?
rhea Babu made post

How many contracts are there in currency pair of USD/INR at any point on the options front?

Answer
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Niraja Mehta answered.
1 year ago


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.