Currency and Forex Trading

Open Free Demat Account and Start Trading in 5 Minutes

^#Account would be open after all procedures relating to IPV and client due diligence are completed

The global increase in trade and foreign investments has led to inter-connection of many national economies. This and the resulting fluctuations in exchange rates, has created a huge international market for Forex, opening up another exciting avenue for trading. The Forex market offers unmatched potential for profitable trading in any market condition or any stage of the business cycle.

how you can benefit from forex

Low Commission
No Middlemen
Standardized Lot Size
Low Margin, High Leverage
Online Access
Interbank Market

Transaction Costs as low as 0.07%
High Liquidity
Instant Transactions
Self-regulatory
No Insider Trading
Limited Regulation

product specification

Contract Specification →
Underlying	Rate of exchange between 1 USD & INR
Pair	USD/INR, EUR/INR, GBP/INR, JPY/INR
Contract Months	12 consecutive calendar months i.e. a view up to 1 year in future can be taken
Expiration date and time / Last trading day & time	At 12:30 noon, two working days prior to the last Mumbai Interbank Settlement day of the month
Min Price fluctuation / Tick size	0.25 paise or INR 0.0025
Settlement Daily Interim MTM settlement Final settlement	Cash settled in INR Based on daily closing price of the contract Based on LTDs RBI reference rate
Margin required for 1 lot USD/INR	1.75% on the first day & 1% thereafter
Market timings	9:00 AM to 5:00 PM

Events likely to impact USDINR rate →	General trend for demand/supply of USD	Impact on USD	Impact on INR
Increase in exports of India	Excess inflow of USD in the country	Depreciates	Appreciates
RBI is selling USD to meet demand for the dollar	Supply of USD increases	Depreciates	Appreciates
NRI Forex remittance is increasing	Increase in USD inflow	Depreciates	Appreciates
Positive trade balance	Increase in USD inflow	Depreciates	Appreciates
Increase in exports of India	Demand for USD increases	Depreciates	Appreciates
Rise in global prices of commodities	Demand for USD rises due to costlier imports	Depreciates	Appreciates
FIIs buying back USD	Excessive USD outflow	Depreciates	Appreciates
RBI is buying USD to absorb excess USD due to Forex inflows	Absorption of excess USD liquidity	Depreciates	Appreciates

Currency Trading FAQs

FAQs

What are the pairs in currencies?

Foreign exchange or Forex is the simultaneous buying of one currency and selling of another. Currencies are traded through a broker or dealer and are executed in currency pairs. For example: the Euro and the US Dollar (EUR/USD) or the British Pound and the Japanese Yen (GBP/JPY). The Foreign Exchange Market (Forex) is the largest financial market in the world, with a daily volume of over $4 trillion. This is more than three times the total amount of the stocks and futures markets combined. Unlike other financial markets, the Forex spot market has neither a physical location nor a central exchange. It operates through an electronic network of banks, corporations, and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one time zone to another across the major financial centers. This fact – that there is no centralized exchange – is important to keep in mind as it permeates all aspects of the Forex experience.