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NRI

Currency Trading: Foreign Exchange Market Live

86.4150
CMP
86.6675
86.6850
86.6650
1
86.4600
100
86.4650
86.53
3,175,122
-0.91%
1.00
MCap.(Cr.) : 42,133
BV : 42,133
PE (x) : 42,133
Div. Yield (%) : 42,133
EPS : 42,133
FV : 42,133

What is 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 (FUTURE)

Name Curr. Price() Prev. Close() CHG() OI Chg in OI('000)
USDINR-29-JAN-2025 86.4650 86.6850 -0.2200 3,175,122.00 -29,065.00
GBPINR-29-JAN-2025 105.6750 105.5650 0.1100 32,372.00 983.00
EURINR-29-JAN-2025 89.1525 89.0475 0.1050 22,987.00 1,346.00
JPYINR-29-JAN-2025 55.5500 54.7600 0.7900 6,914.00 4,003.00
EURUSD-29-JAN-2025 1.0309 1.0265 0.0044 1,709.00 -9.00

Currency Market News

The dollar index is trading slightly on the back foot on Wednesday as US PPI data cam...

Jan 15, 2025 15:18

Indian Rupee gained today after a meltdown in last session amid a good recovery in local s...

Jan 14, 2025 12:29

Rupee closed higher 86.6850 per Dollar on Tuesday (14 January 2025), versus its previous c...

Jan 14, 2025 17:51

Large currency speculators in the Euro futures market continue to stay net short, accordin...

Jan 14, 2025 15:05

US dollar index speculators continued to increase net long position, according to the late...

Jan 14, 2025 13:18

The dollar index is extending upside towards a 26-month high on Monday morning in Asi...

Jan 13, 2025 11:57

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.