Overview on Currency Futures
The launch of currency derivatives in India has opened one more lucrative avenue for trading. The recommendations were made jointly by the SEBI and the RBI. The currency futures participants are namely, bankers, importers, exporters, MNCs, HNIs, speculators and individuals.
Currency derivative is a contract between the seller and buyer, whose value is to be derived from the underlying asset, the currency amount. A derivative based on currency exchange rates is a future contract which stipulates the rate at which a given currency can be exchanged for another currency as at a future date.
We at GEPL Capital Pvt. Ltd have brought a new investment opportunity for all Resident Indians (NRI & FII are restricted). Client can now diversify their portfolio, by trading in Currency Derivatives.