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Foreign Exchange Market Live


82.9000
CMP
82.9675
82.9000
82.9025
10
82.9075
4
82.9150
82.88
72,847
50.93%
0.76
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-01-MAR-2024 82.8750 0.0325 -0.0050 401,725.00 103,425.00
USDINR-CE-01-MAR-2024 83.0000 0.0175 0.0025 386,264.00 39,081.00
USDINR-PE-01-MAR-2024 82.7500 0.0075 -0.0025 301,919.00 -6,822.00
USDINR-PE-01-MAR-2024 83.0000 0.1025 -0.0150 200,391.00 50,165.00
USDINR-CE-01-MAR-2024 82.8750 0.0750 0.0125 176,666.00 2,117.00
open interest (FUTURE)
Name Curr. Price() Prev. Close() CHG() OI Chg in OI('000)
USDINR-01-MAR-2024 82.9100 82.9000 0.0100 72,847.00 24,581.00
GBPINR-01-MAR-2024 104.9200 105.1450 -0.2250 1,880.00 651.00
EURINR-01-MAR-2024 89.7050 89.9500 -0.2450 971.00 -674.00
JPYINR-01-MAR-2024 55.1150 55.1750 -0.0600 630.00 22.00

Currency Market News

UK Pound Stays Pressured Below $1.2650 As Dollar Regains Momentum

UK pound is staying pressured against the dollar on Wednesday amid recovery in dollar...

Feb 28, 2024 13:30

INR Slips Modestly Ahead Of Data Deluge

The Indian rupee eased a bit Wednesday as local stocks fell and overall undertone in the I...

Feb 28, 2024 11:38

Australian Dollar Slides On Softer Than Expected Inflation Data

The Australian Dollar shed nearly half a percent on Wednesday following softer than e...

Feb 28, 2024 11:31

INR Settles Cautiously Lower; Domestic GDP Data Eyed

The Indian rupee declined by 3 paise to settle at 82.92 (provisional) against the US ...

Feb 28, 2024 17:08

Euro Stays Well Supported Above $1.0850; ECB Lagarde Sees Increasing Signs Of A Bottoming-Out In Growth

Euro extended gains against the dollar in early Asia on Tuesday, holding well support...

Feb 27, 2024 10:55

Rupee closed lower

Rupee closed lower at 82.9700 per Dollar on Tuesday (27 February 2024), versus its previou...

Feb 27, 2024 18:02

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.