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Currency Trading

Currency Trading

Currency and Forex Trading

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 Transaction Costs as low as 0.07% High Liquidity Instant Transactions
  • Low Margin, High Leverage Online Access Interbank Market Self-regulatory No Insider Trading Limited Regulation

Product Specifications

Contract Specification
UnderlyingRate of exchange between 1 USD & INR
PairUSD/INR, EUR/INR, GBP/INR, JPY/INR
Contract Months12 consecutive calendar months i.e. a view up to 1 year in future can be taken
Expiration date and time / Last trading day & timeAt 12 noon, two working days prior to the last Mumbai Interbank Settlement day of the month
Min Price fluctuation / Tick size0.25 paise or INR 0.0025
Settlement Daily Interim MTM settlement Final settlementCash settled in INR Based on daily closing price of the contract Based on LTDs RBI reference rate
Margin required for 1 lot USD/INR1.75% on the first day & 1% thereafter
Market timings1.75% on the first day & 1% thereafter
Events likely to impact USDINR rateGeneral trend for demand/supply of USDImpact on USDImpact on INR
Increase in exports of IndiaExcess inflow of USD in the countryDepreciatesAppreciates
RBI is selling USD to meet demand for the dollarSupply of USD increasesDepreciatesAppreciates
NRI Forex remittance is increasingIncrease in USD inflowDepreciatesAppreciates
Positive trade balanceIncrease in USD inflowDepreciatesAppreciates
Events likely to impact USDINR rateGeneral trend for demand/supply of USDImpact on USDImpact on INR
Increase in exports of IndiaDemand for USD increasesDepreciatesAppreciates
Rise in global prices of commoditiesDemand for USD rises due to costlier importsDepreciatesAppreciates
FIIs buying back USDExcessive USD outflowDepreciatesAppreciates
RBI is buying USD to absorb excess USD due to Forex inflowsAbsorption of excess USD liquidityDepreciatesAppreciates

FAQs

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.
9-5pm
INR-USD - 1000 Dollars, INR-EUR - 1000 Euros, INR-GBP - 1000 GBP, INR-JPY - 10,000 JPY
2 working days prior to the month end
No
No

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Currency and Forex Trading

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 Transaction Costs as low as 0.07% High Liquidity Instant Transactions
  • Low Margin, High Leverage Online Access Interbank Market Self-regulatory No Insider Trading Limited Regulation

Product Specifications

Contract Specification
UnderlyingRate of exchange between 1 USD & INR
PairUSD/INR, EUR/INR, GBP/INR, JPY/INR
Contract Months12 consecutive calendar months i.e. a view up to 1 year in future can be taken
Expiration date and time / Last trading day & timeAt 12 noon, two working days prior to the last Mumbai Interbank Settlement day of the month
Min Price fluctuation / Tick size0.25 paise or INR 0.0025
Settlement Daily Interim MTM settlement Final settlementCash settled in INR Based on daily closing price of the contract Based on LTDs RBI reference rate
Margin required for 1 lot USD/INR1.75% on the first day & 1% thereafter
Market timings1.75% on the first day & 1% thereafter
Events likely to impact USDINR rateGeneral trend for demand/supply of USDImpact on USDImpact on INR
Increase in exports of IndiaExcess inflow of USD in the countryDepreciatesAppreciates
RBI is selling USD to meet demand for the dollarSupply of USD increasesDepreciatesAppreciates
NRI Forex remittance is increasingIncrease in USD inflowDepreciatesAppreciates
Positive trade balanceIncrease in USD inflowDepreciatesAppreciates
Events likely to impact USDINR rateGeneral trend for demand/supply of USDImpact on USDImpact on INR
Increase in exports of IndiaDemand for USD increasesDepreciatesAppreciates
Rise in global prices of commoditiesDemand for USD rises due to costlier importsDepreciatesAppreciates
FIIs buying back USDExcessive USD outflowDepreciatesAppreciates
RBI is buying USD to absorb excess USD due to Forex inflowsAbsorption of excess USD liquidityDepreciatesAppreciates
Spotlight: 
Currency Trading
FAQs: 
<div class="row"> <div class="col-xs-12"> <h2>FAQs</h2> <div class="panel-group custom_accordion_simple" id="accordion_1" role="tablist" aria-multiselectable="false"> <div class="panel panel-default"> <div class="panel-heading" role="tab"> <h4 class="panel-title" role="button" data-toggle="collapse" data-parent="#accordion_1" href="#accordion_1_collapse_1" aria-expanded="true" aria-controls="accordion_1_collapse_1"> 1. What are the pairs in currencies? </h4> </div> <div id="accordion_1_collapse_1" class="panel-collapse collapse in" role="tabpanel"> <div class="panel-body">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.</div> </div> </div> <div class="panel panel-default"> <div class="panel-heading" role="tab"> <h4 class="panel-title collapsed" role="button" data-toggle="collapse" data-parent="#accordion_1" href="#accordion_1_collapse_2" aria-expanded="false" aria-controls="accordion_1_collapse_2"> 2. What are the market timings? </h4> </div> <div id="accordion_1_collapse_2" class="panel-collapse collapse" role="tabpanel"> <div class="panel-body">9-5pm</div> </div> </div> <div class="panel panel-default"> <div class="panel-heading" role="tab"> <h4 class="panel-title collapsed" role="button" data-toggle="collapse" data-parent="#accordion_1" href="#accordion_1_collapse_3" aria-expanded="false" aria-controls="accordion_1_collapse_3"> 3. What are the lot sizes? </h4> </div> <div id="accordion_1_collapse_3" class="panel-collapse collapse" role="tabpanel"> <div class="panel-body">INR-USD - 1000 Dollars, INR-EUR - 1000 Euros, INR-GBP - 1000 GBP, INR-JPY - 10,000 JPY</div> </div> </div> <div class="panel panel-default"> <div class="panel-heading" role="tab"> <h4 class="panel-title collapsed" role="button" data-toggle="collapse" data-parent="#accordion_1" href="#accordion_1_collapse_4" aria-expanded="false" aria-controls="accordion_1_collapse_4"> 4. When is the contract expiry in currencies? </h4> </div> <div id="accordion_1_collapse_4" class="panel-collapse collapse" role="tabpanel"> <div class="panel-body">2 working days prior to the month end</div> </div> </div> <div class="panel panel-default"> <div class="panel-heading" role="tab"> <h4 class="panel-title collapsed" role="button" data-toggle="collapse" data-parent="#accordion_1" href="#accordion_1_collapse_5" aria-expanded="false" aria-controls="accordion_1_collapse_5"> 5. Can I take delivery in currencies? </h4> </div> <div id="accordion_1_collapse_5" class="panel-collapse collapse" role="tabpanel"> <div class="panel-body">No</div> </div> </div> <div class="panel panel-default"> <div class="panel-heading" role="tab"> <h4 class="panel-title collapsed" role="button" data-toggle="collapse" data-parent="#accordion_1" href="#accordion_1_collapse_6" aria-expanded="false" aria-controls="accordion_1_collapse_6"> 6. Do I need to open demat account for currencies? </h4> </div> <div id="accordion_1_collapse_6" class="panel-collapse collapse" role="tabpanel"> <div class="panel-body">No</div> </div> </div> </div> </div> </div>