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Foreign Exchange Market Live


Low

82.6050
CMP

High

82.7925

Prev. Close

82.6225

Open

82.6050

Best Buy Qty

21

Best Buy Qty Pr.

82.7600

Best Sell Qty

183

Best Sell Qty Pr.

82.7625

Spot Price

82.56

OI

100,209

OI Change %

69.74%

Rollover %

0.87
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-CE-02-JUN-2023 82.7500 0.0875 0.0500 560,499.00 45,487.00
USDINR-PE-02-JUN-2023 82.5000 0.0175 -0.0225 437,587.00 14,505.00
USDINR-PE-02-JUN-2023 82.7500 0.0725 -0.0825 435,733.00 163,553.00
USDINR-CE-02-JUN-2023 83.0000 0.0250 0.0125 285,566.00 55,390.00
USDINR-CE-02-JUN-2023 82.5000 0.2775 0.0975 176,077.00 -11,001.00

open interest (FUTURE)

Name Curr. Price() Prev. Close() CHG() OI Chg in OI('000)
USDINR-02-JUN-2023 82.7650 82.6225 0.1425 100,209.00 41,172.00
EURINR-02-JUN-2023 88.4650 88.6275 -0.1625 4,296.00 38.00
JPYINR-02-JUN-2023 59.0700 59.0475 0.0225 3,477.00 -1,498.00
GBPINR-02-JUN-2023 102.1975 102.0350 0.1625 523.00 -241.00

Currency Market News

Rupee edges up

Rupee closed higher at 82.7125 per Dollar on Monday (29 May 2023), versus its previous clo...

May 29, 2023 17:37

Rupee marches ahead

Rupee closed higher at 82.6225 per Dollar on Friday (26 May 2023), versus its previous clo...

May 26, 2023 17:42

Rupee sustains gain

Rupee closed higher at 82.7500 per Dollar on Thursday (25 May 2023), versus its previous c...

May 25, 2023 17:32

Rupee climbs up

Rupee closed higher at 82.7025 per Dollar on Wednesday (24 May 2023), versus its previous ...

May 24, 2023 17:30

Rupee gains

Rupee closed higher at 82.8350 per Dollar on Tuesday (23 May 2023), versus its previous cl...

May 23, 2023 17:45

Rupee posts moderate gain

Rupee closed slightly higher at 82.8600 per Dollar on Monday (22 May 2023), versus its pre...

May 22, 2023 17:36

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.