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Foreign Exchange Market Live


83.3075
CMP
83.3800
83.3375
83.3075
611
83.3725
103
83.3750
83.33
139,562
20.61%
0.61
MCap.(Cr.) : 42,133
BV : 42,133
PE (x) : 42,133
Div. Yield (%) : 42,133
EPS : 42,133
FV : 42,133

Currency Trading

The Foreign Exchange Market (Forex) is one of the world’s largest, most liquid and most dynamic financial markets. It gives traders a platform to speculate on the value of one currency against another. Currency trading is an attractive option for investors looking to diversify their portfolios while capitalizing on global trends. Essentially, the currency market involves buying and selling currency pairs from across the world.

Currency Brokerage Calculator

Brokerage @ Rs 20/- per order only
NSE - Futures
  • Total Trade Value 20,050,000
  • Brokerage 40
  • Exchange Transaction Charges 521.30
  • SEBI Charges 10.03
  • GST 102.84
  • Stamp Duty 200
  • Total Expense & Taxes 1879.16
  • Per Lot Expense 939.58
  • Rs. to Break Even 9.40
  • Ticks to Break Even 1879.16
  • Net Profit / Loss 24036.82
NSE - Options
  • Total Trade Value 20,050,000
  • Brokerage 40
  • Exchange Transaction Charges 521.30
  • SEBI Charges 10.03
  • GST 102.84
  • Stamp Duty 200
  • Total Expense & Taxes 1879.16
  • Per Lot Expense 939.58
  • Rs. to Break Even 9.40
  • Ticks to Break Even 1879.16
  • Net Profit / Loss 24036.82

Most Traded Contracts

open interest (OPTIONS)
Name Strike Price() Curr. Price() CHG() OI Chg in OI('000)
USDINR-PE-28-MAR-2024 83.2500 0.0025 -0.0025 397,401.00 30,853.00
USDINR-CE-28-MAR-2024 83.5000 0.0025 -0.0050 310,694.00 42,986.00
USDINR-CE-28-MAR-2024 83.3750 0.0025 -0.0300 246,039.00 7,777.00
USDINR-CE-28-MAR-2024 83.2500 0.1225 0.0275 201,079.00 -25,313.00
USDINR-PE-28-MAR-2024 83.1250 0.0025 0.0000 118,425.00 5,634.00
open interest (FUTURE)
Name Curr. Price() Prev. Close() CHG() OI Chg in OI('000)
USDINR-28-MAR-2024 83.3750 83.3375 0.0375 139,562.00 23,851.00
GBPINR-28-MAR-2024 105.2975 105.2975 0.0000 2,226.00 -894.00
JPYINR-28-MAR-2024 55.0800 55.2250 -0.1450 1,770.00 -2,821.00
EURINR-28-MAR-2024 90.2250 90.3475 -0.1225 1,755.00 -2,268.00

Currency Market News

INR sees modest losses, NIFTY hits two week high

The Indian rupee saw modest losses today but broadly held in a range as local stocks soare...

Mar 28, 2024 11:54

Dollar Index Sees Tepid Moves Ahead Of US PCE Figures

The dollar index is staying put just above 104 mark on Thursday morning in Asia await...

Mar 28, 2024 12:04

Japanese Yen Hits 34-Year Low Against Dollar

Japanese yen hits its lowest level since 1990�s against the dollar after Bank of Japa...

Mar 27, 2024 12:04

Rupee sops

Rupee closed lower at 83.4000 per Dollar on 27 March 2024 (Wednesday), versus its previous...

Mar 27, 2024 17:30

INR Weakens Slightly, Holds Around 83.35 Per US Dollar Mark

The Indian rupee eased a bit today after a sharp recovery in last session. INR had rebound...

Mar 27, 2024 15:07

US Dollar Net Speculative Long Position Falls Notably

Net long positions by large currency market speculators in the US dollar futures fell...

Mar 26, 2024 10:37

FAQs

In the forex market, currencies are traded in pairs. Traders buy one currency by selling another. The first currency listed in the forex pair is the base currency, while the second currency is called the quote currency. If the trader expects the base currency to appreciate against the quote currency, he will buy the currency pair. If they expect the value of the base currency to depreciate against the quote currency, they will sell the currency pair. For instance, if the value of USD is expected to appreciate against INR, traders can buy USD/INR futures.

Like any form of trading, forex also comes with a degree of risk. Currency trading involves speculation, high leverage and a number of international factors. Moreover, currency markets are highly volatile and are influenced by several factors, including economic and political events. Thus, it is critical to evaluate risks before trading in the currency markets.

You can trade currency futures in India on registered exchanges such as the National Stock Exchange (NSE), The Bombay Stock Exchange (BSE) and MCX-SX.

To trade in forex in India, you have to adhere to market timings. As of now, forex trading takes place from 9:00 am to 5:00 pm.

No, you do not need a demat account to engage in forex trading as most currency trades are settled in cash. However, you will need a forex trading account and a bank account to trade in currency markets. 

There are five types of currency markets. These are spot, forward, futures, options and swaps. In the spot market, currency trading takes place at real-time exchange rates. Forward markets deal in over-the-counter (OTC) forward contracts, while currency futures are traded through centralised exchanges in the futures market.

The options market gives traders a right to convert the currency on a future date but there is no obligation to do so. It allows traders the right to buy or sell currency at a specific rate and on a specific date. Swap transactions involve simultaneous borrowing and lending of two types of currencies between two investors.