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Foreign Exchange Market Live

83.3600
CMP
83.3600
83.4900
83.3600
10
83.3600
10
83.3900
83.46
1
0.00%
0.06
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-03-MAY-2024 83.5000 0.0025 -0.0225 13,334.00 2,746.00
USDINR-PE-03-MAY-2024 83.0000 0.0025 0.0000 9,674.00 -50.00
USDINR-CE-03-MAY-2024 83.7500 0.0025 0.0000 5,820.00 -40.00
USDINR-PE-03-MAY-2024 83.2500 0.0025 0.0000 2,025.00 1,940.00
USDINR-PE-03-MAY-2024 83.5000 0.1000 0.0550 1,808.00 -10.00
open interest (FUTURE)
Name Curr. Price() Prev. Close() CHG() OI Chg in OI('000)
USDINR-03-MAY-2024 83.3600 83.4900 -0.1300 1.00 0.00
JPYINR-03-MAY-2024 52.3000 52.3000 0.0000 1.00 18.00

Currency Market News

Dollar Index Futures Near 3-Week Low; Monthly Jobs Report Awaited

The dollar index is lingering around a near 3-week low on Friday as Fed�s Powell rule...

May 03, 2024 11:49

INR Stays Range Bound

The Indian rupee stayed range-bound and closed 3 paise lower at 83.46 (provisional) a...

May 02, 2024 17:29

Rupee drops nerves

Rupee closed lower at 83.5300 per Dollar on Thursday (02 May 2024), versus its previous cl...

May 02, 2024 17:52

Euro Stays Supported Above $1.07 Mark

Euro is staying supported above $1.07 mark on Thursday. The Federal Reserve staying l...

May 02, 2024 17:07

US Dollar Index Fails To Sustain Above 106 Mark As Powell Shuns Rate Hike Possibility

The dollar index failed to sustain above 106 mark on Thursday after briefly oscillati...

May 02, 2024 12:43

INR Quotes Just Under 83.50 Per US Dollar Mark

Indian Rupee is holding near record lows though a deep slide in crude oil prices recent...

May 02, 2024 11:59

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.