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Foreign Exchange Market Live

83.3075
CMP
83.3825
83.3600
83.3600
3
83.3350
1011
83.3450
83.36
58,880
-12.58%
0.67
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-08-DEC-2023 83.5000 0.0100 -0.0050 663,102.00 -17,820.00
USDINR-PE-08-DEC-2023 83.2500 0.0200 -0.0025 633,983.00 -22,246.00
USDINR-CE-08-DEC-2023 83.3750 0.0275 -0.0225 348,945.00 37,996.00
USDINR-PE-08-DEC-2023 83.3750 0.0600 -0.0025 266,699.00 -47,113.00
USDINR-PE-08-DEC-2023 83.1250 0.0050 -0.0050 255,294.00 19,202.00
open interest (FUTURE)
Name Curr. Price() Prev. Close() CHG() OI Chg in OI('000)
USDINR-08-DEC-2023 83.3400 83.3600 -0.0200 58,880.00 -8,471.00
EURINR-08-DEC-2023 89.9225 90.3050 -0.3825 3,949.00 1,363.00
GBPINR-08-DEC-2023 104.9100 105.2850 -0.3750 1,175.00 251.00
JPYINR-08-DEC-2023 56.5575 56.7200 -0.1625 585.00 -228.00

Currency Market News

Dollar Index Cautiously Hovers Around 104 Mark Ahead of Non-Farms

The dollar index is seen steadying around 104 mark on Wednesday after breaking above ...

Dec 06, 2023 11:25

UK Pound Extends Downward Momentum; GBPINR Surrenders 105 Mark

The Great Britain pound extended downward momentum against the dollar as recovery abo...

Dec 06, 2023 17:17

Australia, NZ Dollar Stay Supported After Steep Correction

The Australian and New Zealand currencies are seen supported by over half a percent o...

Dec 06, 2023 13:07

INR Sees Lax Moves As Dollar Hovers Around Two Week High

The Indian Rupee stayed in a lax mood today, lingering around record lows against the US d...

Dec 06, 2023 11:57

AUDUSD Slips Below 0.66 Levels Following RBA Rate Decision

The Australian dollar slipped below 0.66 levels on Tuesday following Reserve Bank of ...

Dec 05, 2023 11:28

Rupee closes up

Rupee closed higher at 83.3600 per Dollar on Tuesday (05 December 2023), versus its previo...

Dec 05, 2023 13:46

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.