Currency Derivatives

Currency Derivatives India, Currency Market Live in India

How do you view the currency market live in India? Obviously, the Currency Derivatives India page on FVM Securities could be your page of choice. Currencies trade in pairs and you can easily select the currency pair and contract of your choice. Once you click on the contract of your choice, there is a wide array of analytics and information that is available to you to take a view on the currency markets. Here is how FVM Securities covers the currency market live in India…

Currency Derivatives India – The FVM Securities way…

Currency derivatives market in India got a big boost with the advent of currency futures that were permitted to be traded in the NSE, BSE and the Metropolitan Stock Exchanges. The advantage for most traders has been that they could trade these currencies with their existing trading accounts itself and did not require a separate trading account and separate KYC like in the case of commodities. The currency page on FVM broadly provides the following analytics and screening facilities…

  • Firstly, it is possible to select currency futures or currency options as may be the case. While the USD/INR pair is the most traded in both futures and options, other pairs are also picking up steam. Options on currencies can be a limited risk method of participating in the currency market for retail investors.
  • Once the product is identified, the second step is to identify the specific currency pair of choice. You can opt for the USD / INR pair, the Pound / INR pair, the Euro / INR pair or the Yen / INR pair. While the USD/INR pair is the most actively traded, other pairs like the Euro pair and the Pound pair is also attracting trading interest.
  • Currency futures and options are a good means of hedging your currency risk, especially when you have a payable or a receivable in dollars. In the currency contracts, you have 12 contracts over the next 1 year available although it is the near month contract that is more heavily traded. You can pick the contract of your choice.
  • Lastly, you can drill down into the details of the particular contract. You can evaluate how the price of the contract has moved and how the volumes in the contract are evolving. You can examine how the open interest in the contract is emerging which is an indication of the long term hedging interest in the currency pair.

Currency pairs give a good opportunity to trade currencies and also to hedge currency risk. The Currency Get Quotes page on FVM Securities can be a veritable starting point for you.