Day Trading Stocks & Futures

soft_trader

Well-Known Member
@soft_trader bhai yesterday USDINR may future high was 69.8725 and last price was 69.84. but as per finvasia contract note my short position covered at 69.8805 . why ?
On expiry day, all the outstanding positions are settled as per the settlement price of that day.
Now, earlier this settlement price was determined my RBI directly. But later RBI transferred this obligation to FBIL (Financial Benchmarks India Ltd). Everyday in a given window between 11:30 - 12:30 hrs, FBIL collects data from different major banks, to calculate this rate. The rate is published everyday at 1:30pm.

You can get historical rates, and for more information visit: www.fbil.org.in
Methodology: https://www.fbil.org.in/uploads/gen...ence_Rate_Dated_15thJanuary_2019-Version2.pdf
 

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