Resolution criteria

This market will resolve to YES if the daily USD to INR reference rate published by Financial Benchmarks India Pvt Ltd (FBIL) is strictly greater than 97.0000 (1 USD > 97 INR) for any daily release before June 10, 2026.

If the FBIL reference rate does not exceed 97.0000 on any day from the market's creation through June 9, 2026 (inclusive), the market will resolve to NO.

• Primary Source of Truth: The daily USD-INR reference rate published on the FBIL official website (also tracked via NSE India RBI Reference Rates).

• Alternative Source: If the FBIL data is unavailable or delayed, the daily exchange rate published by the Federal Reserve Board's H.10 release or major financial terminals (Bloomberg/Reuters) will be used to resolve the market.

Background

The Indian Rupee (INR) has experienced a steady depreciation trend against the US Dollar (USD). In late May 2026, the official FBIL reference rate reached an all-time high of approximately 96.84. With the currency pair hovering around the 95.6–95.8 range in early June 2026, this market tracks whether short-term volatility will push the USD/INR rate above the 97.00 threshold before June 10, 2026.

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