Company Details, Financials & Peer Comparison
Skip Navigation LinksHome > Services > Currency Trading
Skip Navigation Links
EquityEquity
DerivativesDerivatives
CommoditiesCommodities
Life InsuranceLife Insurance
Mutual FundMutual Funds
Demat ServicesDepository Services
PMSPortfolio Management
Currency TradingCurrency Trading
NRI ServicesNRI Services
Investment Advisory Investment Management Advisory
IPOIPO
Demat AccountDemat Account

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 rendering investors 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.

Indian Forex Market

In terms of daily turnover in 2010, India is the 16th largest market in the world. India’s market share in World FX Market increased from 0.1 % in 1998 to 0.9% in 2010. As per Latest RBI Data, Daily FX Indian Market volumes are $50 Billion in 2009.

Indian Currency Futures Market – Present Status

Currency Futures Trading was launched in India on 29th August, 2008 on NSE. NSE & MCX’SX are the major 2 exchanges presently. “United Stock Exchange of India” is the upcoming exchange promoted by Bank of India, Federal Bank, MMTC & Jaypee Capital along with 9 other banks. The FX market in India is regulated by The Foreign Exchange Management Act, 1999 or FEMA, Presently Daily Turnover on both exchanges averages Rs. 35000 crores. Banks are active participants on the exchanges. NRIs & FIIs are not permitted to trade as of now. Currency markets offer investors a step into the world of Forex. 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 rendering investors 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.

Open Demat & Trading Account
with Angel Broking

Please fill in the form below and enjoy the benefits of Online Trading.

7879   
Angel eye
FAQ | Investor Education | Terms of Use | Miscellaneous | Important Documents | Feedback | Careers | Sitemap