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Foreign Exchange Market Live


83.3000
CMP
83.4175
83.3525
83.3000
100
83.3850
97
83.3900
83.33
84,650
183.15%
0.86
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-05-APR-2024 83.5000 0.0725 -0.0050 278,742.00 125,962.00
USDINR-PE-05-APR-2024 83.2500 0.0500 -0.0300 258,933.00 88,133.00
USDINR-CE-05-APR-2024 83.3750 0.1150 0.0000 204,352.00 70,925.00
USDINR-PE-05-APR-2024 83.0000 0.0150 -0.0050 174,405.00 103,018.00
USDINR-CE-05-APR-2024 83.2500 0.1950 0.0150 173,939.00 22,215.00
open interest (FUTURE)
Name Curr. Price() Prev. Close() CHG() OI Chg in OI('000)
USDINR-05-APR-2024 83.3925 83.3525 0.0400 84,650.00 54,754.00
EURINR-05-APR-2024 90.0350 90.3600 -0.3250 1,409.00 1,041.00
JPYINR-05-APR-2024 55.2050 55.3775 -0.1725 1,246.00 997.00
GBPINR-05-APR-2024 105.2850 105.3575 -0.0725 892.00 472.00

Currency Market News

INR Dips Lower Amid Dollar Strength Ahead Of PCE Data; Firm Equities Limit Downside

The Indian rupee depreciated 6 paise to settle at 83.39 (provisional) against the US ...

Mar 28, 2024 17:26

Euro Near One-Month Low Against Dollar; German Retail Sales Disappoints

Euro fell to near one-month low on Thursday tracking massive gains in greenback coupl...

Mar 28, 2024 16:34

Dollar Index Sees Tepid Moves Ahead Of US PCE Figures

The dollar index is staying put just above 104 mark on Thursday morning in Asia await...

Mar 28, 2024 12:04

INR sees modest losses, NIFTY hits two week high

The Indian rupee saw modest losses today but broadly held in a range as local stocks soare...

Mar 28, 2024 11:54

Rupee yield to losses

Rupee closed lower at 83.4400 per Dollar on Thursday (28 March 2024), versus its previous ...

Mar 28, 2024 17:45

Japanese Yen Hits 34-Year Low Against Dollar

Japanese yen hits its lowest level since 1990�s against the dollar after Bank of Japa...

Mar 27, 2024 12:04

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.