Three national level exchanges offers trading in currency derivatives, where Indian National Rupee i.e. INR and US Dollar are being traded for their value in correlation other global currencies viz Great Britain Pound, Euro and Japanese yen (JPY).
Currency derivatives are very important hedging tools for organizations/individuals having exposure to foreign currency for their business or personal purpose i.e. exporters, importers, remittances, frequent travelers. When it comes to foreign currency, it’s a dynamic valuation market that keeps on changing on real-time basis. So any adverse valuation can take away whole margins or results in unforeseen loses too. Dynamic / active hedging and trading on currency derivatives in correlation to respective exposure can certainly save one’s margins as well as protect from unforeseen loses due to adverse currency valuation.
SBHPL offers trading and hedging platform with active guidance on both the aspects.
Currency pairs available for trade:
Note: in above pairs the currency stands second is being valued against the currency mentioned first, for eg: USDINR: here INR is valued against USD, EURUSD: here USD is valued against Euro.