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Currency Futures



Currency
The primary reason the Forex market exists is to facilitate the exchange of one currency into another for multinational corporations that need to trade currencies continually (for example, for payroll, payment for costs of goods and services from foreign vendors, and merger and acquisition activity). However, these day-to-day corporate needs comprise only about 20% of the market volume. Fully 80% of trades in the currency market are speculative in nature, put on by large financial institutions, multibillion dollar hedge funds and even individuals who want to express their opinions on the economic and geopolitical events of the day.

DGCX offers a vibrant currency portfolio which doesn’t only list USD against GBP, EURO, CHF, AUD, JPY, and CAD but also includes Indian Rupee, Russian Ruble, Korean Won and South African Rand. Moreover DGCX has started cross currencies like Indian Rupee vs Euro, Indian Rupee vs GBP.

Indian Rupee futures contract was the first of its kind in the world when it launched in 2007. Today, it remains the most successful contract tradable on DGCX and is available to international participants. The contract is cash settled based on US Dollar reference rate published by the Reserve Bank of India, providing alignment with the domestic rate.

Product Specification
Margin