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What will happen to my open position on the currency expiry if I don't square it off?

The last trading day for the currency position like USDINR, EURINR, GBPINR, etc is 2 days before the last working day of the month. Trading stops at 12.30P.M on the last trading day. The final settlement day/expiry day is the last working day of the Month and it settles at the RBI reference rate on the day of the final settlement. Currency derivatives are cash settled.

For weekly currency options contracts, the expiry is on every Friday of the week at 12.30 P.M.

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