Rupee closed higher at 71.19/1925 per dollar on Wednesday (20 February 2019), versus its previous close of 71.4150/4175 per dollar on Monday.

The market was earlier closed for trading on Tuesday.

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  Nifty Future Tips

Nifty future is nothing but the index future where the underlying is the S&P CNX Nifty index. In India, index futures trading started in 2000 in NSE. For Nifty futures contracts, the permitted lot size is 50, and in multiples of 50. Like other futures contracts, Nifty future tips contracts also have a three-month trading cycle - the near-month, the next month and the far-month.

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