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Foreign Exchange Market Live


82.8450
CMP
83.9000
82.8500
83.9000
3253
82.8850
2086
82.8875
82.92
186,853
48.07%
0.08
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-23-FEB-2024 83.0000 0.0025 -0.0025 338,878.00 28,257.00
USDINR-PE-23-FEB-2024 83.0000 0.1175 -0.0325 169,381.00 -35,571.00
USDINR-PE-23-FEB-2024 82.8750 0.0025 -0.0425 163,721.00 -18,582.00
USDINR-CE-23-FEB-2024 83.2500 0.0025 0.0000 153,426.00 1,310.00
USDINR-PE-23-FEB-2024 82.7500 0.0025 -0.0050 147,436.00 28,273.00
open interest (FUTURE)
Name Curr. Price() Prev. Close() CHG() OI Chg in OI('000)
USDINR-23-FEB-2024 82.8875 82.8500 0.0375 186,853.00 60,664.00
EURINR-23-FEB-2024 89.7350 89.9000 -0.1650 445.00 -3,134.00
GBPINR-23-FEB-2024 104.9375 104.9700 -0.0325 238.00 -1,196.00
JPYINR-23-FEB-2024 55.0050 55.1450 -0.1400 233.00 -355.00

Currency Market News

INR Snaps Winning Streak Amid Renewed Gains In Dollar; Muted Equities

The Indian rupee consolidated in a narrow range and depreciated by 8 paise to close a...

Feb 23, 2024 17:12

Euro Retreats From 3-Week High Against Dollar; Set For Weekly Gain

Euro retreated from a three-week high against the dollar on Friday after having scale...

Feb 23, 2024 15:50

INR Flat Around 82.90 Per US Dollar After Hitting One Month High

The Indian rupee is trading in a narrow range today after witnessing good gains this week....

Feb 23, 2024 12:08

UK Pound Poised For Weekly Gain; GfK Consumer Confidence Slides

UK pound is consolidating recent streak of gains on Friday and poised for a weekly ri...

Feb 23, 2024 11:40

Rupee closed lower

Rupee closed lower at 82.9300 per Dollar on Firday (23 February 2024), versus its previous...

Feb 23, 2024 17:52

Dollar Index Steadying Below 104 Mark; FOMC Minutes Dismiss Near-Term Possibility Of Rate Cut

The dollar index is steadying below 104 mark on Thursday even as FOMC minutes dismiss...

Feb 22, 2024 10:51

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.