Currency Derivatives are contracts between the buyer and seller stating that two currencies would be exchanged at a future date, and at a stipulated rate. The currency trading (FOREX) market is the biggest and the fastest growing market in the world economy that draws in about $5.2 trillion in daily volume and available globally 24 hours every day. Very often, banks and financial trading institutions engage in the act of currency trading, but any resident Indian also can participate in the futures market. However, at present, Foreign Institutional Investors (FIIs) and Non-Resident Indians (NRIs) are not permitted to participate in currency futures market.
We believe that everyone should have the power to create and share ideas and information instantly, .