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Foreign Exchange Market Live

83.2725
CMP
83.3400
83.3475
83.3250
91
83.3150
197
83.3250
83.39
2,082,219
-21.67%
1.00
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-26-APR-2024 83.0000 0.0125 0.0000 260,121.00 17,995.00
USDINR-CE-26-APR-2024 83.5000 0.0175 -0.0175 246,642.00 -1,249.00
USDINR-CE-26-APR-2024 84.0000 0.0050 -0.0050 227,556.00 -1,269.00
USDINR-CE-26-APR-2024 83.7500 0.0100 -0.0050 219,308.00 995.00
USDINR-PE-26-APR-2024 83.2500 0.0525 0.0075 198,667.00 -16,313.00
open interest (FUTURE)
Name Curr. Price() Prev. Close() CHG() OI Chg in OI('000)
USDINR-26-APR-2024 83.3250 83.3475 -0.0225 2,082,219.00 -576,064.00
GBPINR-26-APR-2024 103.6500 103.2300 0.4200 33,584.00 -4,079.00
EURINR-26-APR-2024 89.0125 88.9000 0.1125 27,500.00 -2,481.00
JPYINR-26-APR-2024 53.8000 53.8525 -0.0525 20,662.00 -2,172.00
GBPUSD-26-APR-2024 1.2437 1.2390 0.0047 2,673.00 -313.00

Currency Market News

US Dollar Index Pulls Back To Mid 105 Mark Amid Disappointing PMI Data

The dollar index steadies around flat line on Wednesday after the DXY futures pulled ...

Apr 24, 2024 11:19

Rupee surges

Rupee closed higher at 83.3250 per Dollar on Wednesday (24 April 2024), versus its previou...

Apr 24, 2024 17:37

INR steady around 83.30 per US dollar, dollar index softens to one week low

The Indian rupee is witnessing very thin movement on Wednesday as supportive risk sentimen...

Apr 24, 2024 13:24

INR hits 83.30 per US dollar mark in intraday moves

The Indian rupee is witnessing modest losses today but stayed in a range amid positive cue...

Apr 23, 2024 11:46

Rupee extends winning streak

Rupee closed higher at 83.3475 per Dollar on Tuesday (23 April 2024), versus its previous ...

Apr 23, 2024 17:34

INR Extends Recovery Momentum On Positive Equities

The Indian rupee extended recovery momentum to settle slightly higher by 3 paise to c...

Apr 23, 2024 17:23

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.