loader2
Partner With Us NRI

Currency Trading: Foreign Exchange Market Live

83.6825
CMP
83.7700
83.7450
83.7600
99
83.7300
472
83.7450
83.71
2,293,921
-4.90%
0.87
MCap.(Cr.) : 42,133
BV : 42,133
PE (x) : 42,133
Div. Yield (%) : 42,133
EPS : 42,133
FV : 42,133

What is 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-29-JUL-2024 84.0000 0.0075 -0.0075 57,180.00 -11,200.00
USDINR-PE-29-JUL-2024 83.5000 0.0075 -0.0200 18,901.00 -2,781.00
USDINR-CE-29-JUL-2024 84.5000 0.0025 -0.0075 10,581.00 -58.00
USDINR-CE-29-JUL-2024 83.5000 0.2175 0.0525 10,406.00 202.00
USDINR-PE-29-JUL-2024 83.0000 0.0025 0.0000 8,347.00 -211.00

open interest (FUTURE)

Name Curr. Price() Prev. Close() CHG() OI Chg in OI('000)
USDINR-29-JUL-2024 83.7450 83.7450 0.0000 2,293,921.00 -118,088.00
GBPINR-29-JUL-2024 107.7500 107.8875 -0.1375 24,954.00 -6,073.00
EURINR-29-JUL-2024 90.8000 90.8275 -0.0275 20,889.00 -640.00
JPYINR-29-JUL-2024 54.2900 54.0000 0.2900 10,082.00 -450.00
EURUSD-29-JUL-2024 1.0860 1.0858 0.0002 1,566.00 0.00

Currency Market News

The Indian rupee edged up a bit after latest tumble. The currency fell to a fresh record l...

Jul 26, 2024 12:36

Rupee closed at 83.7450 per Dollar on Friday (26 July 2024) unchanged at its previous day`...

Jul 26, 2024 17:17

The Indian rupee recovered from its all-time low level and appreciated 6 paise to 83....

Jul 26, 2024 17:16

The dollar index is steadying near 104 mark on Friday with all eyes glued to US PCE d...

Jul 26, 2024 16:03

Rupee closed lower at 83.7450 per Dollar on Thursday (25 July 2024) failing to sustain mom...

Jul 25, 2024 17:39

The US dollar index is steadying after an advance to a two week high on Wednesday as ...

Jul 24, 2024 11:34

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.