The Dubai Gold and Commodities Exchange (DGCX) is set to roll out an INR Options Contract on Sept. 26, 2011. The contract will be the only exchange‐traded INR Options offering provided to markets outside India. In Dubai the size of the options contract in rupee-dollar will be $45,116. Prices will be quoted in U.S. cents per 100 Indian rupees, with a minimum premium fluctuation of $2 per contract. At launch, the October 2011 expiry month will be available for trade.
Click here for the release from Dubai Gold and Commodities Exchange.