The table below captures the initial margins that you will be required to put in a trade on currency futures of various pairs. The lot size refers to the equivalent of principal currencies. The normal margin is what is applicable in case of normal trading. The Intraday margin or the MIS margin is only for compulsory intraday square off. Such trades have to be necessarily closed out before 4.30 pm else the broker RMS will close out these trades.

Pair

Contract

Lot Size ()

Rate

Normal Margin

Intraday Margin

EURINR

Dec-18

1000

80.52

1876

1031

EURUSD

Dec-18

1000

80.51

2423

1332

GBPINR

Dec-18

1000

90.68

2375

1306

GBPUSD

Dec-18

1000

90.64

2782

1530

JPYINR

Dec-18

1000

62.63

1897

1043

USDINR

Dec-18

1000

71.01

1974

1085

USDJPY

Dec-18

1000

70.87

2133

1173

As can be seen from the above margin files, the initial margins are among the lowest in case of currency futures compared to commodity futures or even equity F&O trading. That is what makes currency futures attractive for traders.