Examples of Reference Rate Time in a sentence
All contracts shall expire around 12:30 pm (RBI Reference Rate Time) onthe expiry day or such other time as decided by Exchange.Settlement DayDaily Settlement shall be on T +1 settlement basis and theFinal Settlement shall be on T+2 settlement basis.Final Settlement PriceThe final settlement price of the USDINR contracts shall be the official Dollar Rupee reference rate issued by the Reserve Bank of India, around 12:30 pm on the day ofexpiry.