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          <h1>USD-INR Currency Futures Limited to 12-Month Contracts; Quoted and Settled in INR as per 2008 Directions.</h1> Standardized currency futures under the Currency Futures (Reserve Bank) Directions, 2008, are limited to USD-INR contracts. Each contract is set at USD 1000 and must be quoted and settled in Indian Rupees. The maximum maturity period for these contracts is 12 months. The settlement price is determined by the Reserve Bank's Reference Rate on the last trading day.

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