COMMODITIES & CURRENCY
Currency Derivatives Trading is emerging as an avenue for individuals and corporates in India to diversify their portfolio and manage their foreign exchange risk. Exchange Traded Currency Derivatives have registered a phenomenal growth since its inception in 2008 marking a daily turnover of almost Rs.50, 000 Cr.
Pramukh Investment offers through Reliance Securities LtdCurrency Derivative Trading Services to all its clients on all major & recognized stock exchanges.
What are Currency Derivatives?
The conversion rate at which currency of one country (e.g. USD $) can be converted into another country’s currency (For Ex. Indian Rupee) is called an exchange rate (e.g. 1$=55 Indian Rupees). Any derivative (Futures or Options) where the underlying is this exchange rate is called Currency Derivatives.
This product is used for taking carry futures and options positions in USDINR, EURINR, GBPINR and JPYINR on NSE -CD with margins as prescribed by exchange
Presentation on "How to trade in currency derivatives"
In India following Currency Derivatives are available for trading