What Are Lot Sizes for Currency and Cross-Currency Derivatives in FYERS?

What Are Lot Sizes for Currency and Cross-Currency Derivatives in FYERS?

At FYERS, trading in the Currency Derivatives segment is currently not allowed. In accordance with the Reserve Bank of India’s circular dated 5th January 2024 (effective from 5th April 2024) related to exchange-traded currency futures and options contracts, and in compliance with FEMA guidelines, we have placed the Currency Derivatives segment in square-off mode on both NSE and BSE exchanges.

This proactive measure ensures compliance with evolving regulatory requirements and safeguards our clients’ interests. We are closely monitoring the situation and will update all clients once further regulatory clarifications are received.

For informational purposes, here’s how lot sizes in the Currency and Cross-Currency Derivatives segments work in general. Lot sizes define how many units of the underlying currency are included in one contract. Although trading is currently restricted, this information will help you understand contract specifications for future reference.

How Do Lot Sizes Work?

Each currency derivative contract traded on Indian exchanges has a predefined lot size. For example, if you want to buy 20,000 quantity in the EURINR contract, and each lot represents 1,000 Euros, you would enter 20 in the quantity field of the order window:

  • 20,000 ÷ 1,000 = 20 Lots

Platforms automatically multiply your input by the lot size to determine your total exposure. This helps standardize contract trading across exchanges.

Tip: At FYERS, we always encourage verifying the contract details and expiry information in the order window before placing derivative orders. Once trading in this segment resumes, contract specifications will be updated as per exchange norms.

Standard Lot Sizes for Currency and Cross-Currency Derivatives

ContractLot Size
USDINR1,000 USD
GBPINR1,000 GBP
EURINR1,000 EUR
JPYINR100,000 JPY
EURUSD1,000 EUR
GBPUSD1,000 GBP
USDJPY1,000 USD

Example

Suppose trading resumes and you plan to buy 5 lots of USDINR futures:

  • Each USDINR lot = 1,000 USD
  • Total exposure = 5 × 1,000 = 5,000 USD

If the USDINR rate is ₹83, the total contract value will be approximately ₹4,15,000 (5,000 × 83).

Important: Currently, trading in Currency Derivatives is restricted at FYERS as per RBI guidelines. This article is for reference only. We will notify clients once regulatory permissions allow trading in this segment again.

What If...

ScenarioExplanation
I try to place a currency derivative orderIt will be rejected as the segment is currently in square-off mode under RBI compliance.
I’m not sure when trading will resumeWe’ll notify you via FYERS Notice Board and email once there’s regulatory clarity.
I want to learn about margin and contract detailsYou can still refer to our FYERS Margin Calculator and this article for general contract understanding.
I need more clarificationPlease contact our support team and we’ll assist you with the latest regulatory updates.

Last updated: 06 Nov 2025

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