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Foreign Exchange Market Live


82.8250
CMP
82.9000
82.8875
82.8250
3060
82.8875
8682
82.8900
82.88
1,097,343
-31.21%
0.96
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-27-FEB-2024 83.5000 0.0025 0.0000 532,445.00 1,162.00
USDINR-PE-27-FEB-2024 82.5000 0.0025 0.0000 514,789.00 200.00
USDINR-CE-27-FEB-2024 83.0000 0.0025 -0.0025 483,694.00 9,640.00
USDINR-PE-27-FEB-2024 82.7500 0.0025 -0.0025 414,537.00 7,964.00
USDINR-CE-27-FEB-2024 83.2500 0.0025 0.0000 377,231.00 2,897.00
open interest (FUTURE)
Name Curr. Price() Prev. Close() CHG() OI Chg in OI('000)
USDINR-27-FEB-2024 82.8900 82.8875 0.0025 1,097,343.00 -497,894.00
GBPINR-27-FEB-2024 105.1175 105.1700 -0.0525 108,173.00 -30,070.00
JPYINR-27-FEB-2024 55.0800 55.0900 -0.0100 37,272.00 -53,594.00
EURINR-27-FEB-2024 89.9300 89.9350 -0.0050 26,533.00 -32,265.00
USDJPY-27-FEB-2024 150.5000 150.5300 -0.0300 544.00 -65.00

Currency Market News

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

INR Stays Range Bounds; Key US Data Eyed

The Indian rupee closed almost flat at 82.89 (provisional) against the US dollar in a...

Feb 27, 2024 17:37

UK Pound Eyes Break Above $1.27; US PCE Data In Focus For Further Cues

UK Pound is seen eyeing the next crucial $1.27 mark as the pair is extending gains to...

Feb 27, 2024 14:57

US Dollar Index Speculative Longs Edge Lower

Net long positions by large currency market speculators in the US dollar futures inch...

Feb 26, 2024 10:52

Rupee closes up

Rupee closed higher at 82.8875 per Dollar on Monday (26 February 2024), versus its previou...

Feb 26, 2024 17:30

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.