United Stock Exchange of India (USE) will be commencing LIVE operations in US Dollar - Indian Rupee Currency Options from Friday, October 29, 2010. The call and put options will be introduced on the USD-INR spot rate with 12 'In The Money', 12 'Out of The Money' and 1 'Near The Money Option with a strike price interval of 25 paise, thereby providing a price scan range of Rs 6.25 /-.
These options will be available for expiry in the 3 near months and the 3 quarterly months going up to one year allowing users flexibility to take price insurance up to one year on foreign exchange. USE received approval from SEBI and RBI to launch operations in currency options and has successfully conducted mock trading session for members on this new product.
