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Foreign Exchange Market Live

83.2725
CMP
83.3825
83.3225
83.3475
150
83.3225
110
83.3425
83.36
33,889
123.29%
0.80
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 0.0350 0.0000 580,413.00 204,516.00
USDINR-PE-08-DEC-2023 83.2500 0.0500 0.0000 506,350.00 202,529.00
USDINR-CE-08-DEC-2023 83.3750 0.0700 0.0050 287,065.00 155,234.00
USDINR-PE-08-DEC-2023 83.1250 0.0250 -0.0025 285,147.00 137,737.00
USDINR-CE-08-DEC-2023 83.6250 0.0150 0.0000 266,069.00 58,252.00
open interest (FUTURE)
Name Curr. Price() Prev. Close() CHG() OI Chg in OI('000)
USDINR-08-DEC-2023 83.3375 83.3225 0.0150 33,889.00 18,712.00
EURINR-08-DEC-2023 90.7950 90.8500 -0.0550 1,308.00 1,110.00
JPYINR-08-DEC-2023 56.3675 56.3725 -0.0050 1,222.00 674.00
GBPINR-08-DEC-2023 105.4250 105.4600 -0.0350 1,006.00 853.00

Currency Market News

Pound Ascends As BoE¿s Greene Signals UK Rates May Need To Be Higher For Extended Period

UK pound is trading higher on the back of dollar weakness in early Asia on Friday as ...

Dec 01, 2023 11:40

INR Perks Up As Local Stocks Gain For Fourth Consecutive Session

The Indian rupee edged up on Friday, witnessing a good upswing amid soaring local equities...

Dec 01, 2023 18:43

Rupee posts strong gain

Rupee closed lower at 83.3600 per Dollar on Friday (01 December 2023), versus its previous...

Dec 01, 2023 17:17

EURUSD Tries To Stabilize After Testing One Week Low

The Euro is trying to stabilize after a sharp drop in last session. The single currency di...

Dec 01, 2023 12:52

INR Off Recoed Low, NIFTY Hits Record High

The Indian rupee edged up a bit from record low amid positive cues from local equities. IN...

Dec 01, 2023 12:47

Floating exchange rates can be important buffers against unanticipated shocks says BOE`s Baily

Andrew Bailey, the governor of the Bank of England stated yesterday that the current forex...

Nov 30, 2023 11:54

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.