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Foreign Exchange Market Live

83.5100
CMP
84.4100
83.5325
84.4100
5
83.5250
15
83.5350
83.63
1,341
-6.94%
0.00
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-19-APR-2024 83.0000 0.0025 -0.0075 23,516.00 -5,000.00
USDINR-PE-19-APR-2024 83.2500 0.0025 -0.0075 8,215.00 177.00
USDINR-CE-19-APR-2024 84.0000 0.0025 0.0000 4,876.00 -98.00
USDINR-CE-19-APR-2024 83.5000 0.0225 -0.0300 2,740.00 -231.00
USDINR-PE-19-APR-2024 83.5000 0.0050 -0.0350 2,378.00 -214.00
open interest (FUTURE)
Name Curr. Price() Prev. Close() CHG() OI Chg in OI('000)
USDINR-19-APR-2024 83.5300 83.5325 -0.0025 1,341.00 -100.00
JPYINR-19-APR-2024 54.5000 53.1375 1.3625 5.00 0.00
EURINR-19-APR-2024 90.7250 90.7250 0.0000 2.00 0.00
GBPINR-19-APR-2024 105.0000 105.0000 0.0000 1.00 1.00

Currency Market News

Dollar Index Loses Momentum But Stays Firmly Around 106 Mark Amid Hawkish Fed Remarks

The dollar index futures hover around 106 mark on Friday even though the currency con...

Apr 19, 2024 10:56

INR Pared Initial Loses To Settle Higher; Late-Day Buying In Equities Support

The Indian rupee managed to pare sharp losses made earlier in the day and settle 4 pa...

Apr 19, 2024 17:10

British Pound Holds Above $1.24 Mark; UK Retail Sales Stagnates In March

The British pound sees a minor uptick from a 5-month low against the dollar on Friday...

Apr 19, 2024 15:05

INR flat around 83.50 per dollar mark, local stocks slide for five sessions in row

The Indian rupee is witnessing tight trades ahead of the weekend. The local currency has b...

Apr 19, 2024 11:45

DXY Futures Snap Recent Rally; 105 Mark Stays Intact

The dollar index futures slipped back to a week low on Thursday, unable to hold on to...

Apr 18, 2024 11:47

Rupee posts moderate gain

Rupee closed higher at 83.5475 per Dollar on Thursday (18 April 2024), versus its previous...

Apr 18, 2024 17:42

FAQs

How does currency trading work?

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.