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Foreign Exchange Market Live

83.1100
CMP
83.3650
83.1125
83.3650
18
83.1125
0
0.0000
83.32
1
-96.15%
0.00
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-03-MAY-2024 83.0000 0.0200 0.0050 834.00 -
USDINR-PE-03-MAY-2024 83.6250 0.3800 0.0000 180.00 -
USDINR-CE-03-MAY-2024 84.0000 0.0175 0.0000 100.00 -
USDINR-PE-03-MAY-2024 83.7500 0.1850 0.0000 70.00 -
USDINR-CE-03-MAY-2024 83.5000 0.0500 0.0000 62.00 -
open interest (FUTURE)
Name Curr. Price() Prev. Close() CHG() OI Chg in OI('000)
JPYINR-03-MAY-2024 52.3000 52.3000 0.0000 18.00 18.00
USDINR-03-MAY-2024 83.1125 83.1125 0.0000 1.00 -25.00

Currency Market News

Dollar index cautious around two week low

The dollar index stabilized around 105.6 on Friday, with investors adopting a cautious ...

Apr 26, 2024 11:49

Rupee slumps further

Rupee closed lower at 83.4250 per Dollar on Friday (26 April 2024), versus its previous cl...

Apr 26, 2024 17:19

Euro hits two week high against US dollar

Euro firmed up, hitting two week highs above 1.0700 mark against the US dollar. Tepid move...

Apr 26, 2024 16:10

INR eases modestly as equities fall

Indian Rupee slipped in early moves as weakness in the local equities weighed on the senti...

Apr 26, 2024 12:11

Dollar sees subdued trades ahead of key US data

Amidst anticipation surrounding the release of US GDP data for the first quarter, the doll...

Apr 25, 2024 11:35

British Pound Breaks Above 1.2500 Mark To Test Two Week High

The British pound continued to edge higher from a 5-month low against the dollar amid supp...

Apr 25, 2024 18:08

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.