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Currency Futures
We at HDFC Securities are proud to announce the launch of Currency Derivatives on August 29, 2008. This will be for the first time that even retail investors with no exposure to foreign exchange will be able to take a call on the rupee’s movement with the dollar.All these years, trading in foreign exchange was allowed only for banks and companies having currency exposure.
Indian residents, now, are permitted to trade in currency futures. They would be allowed to purchase or sell currency futures for hedging their exposure to foreign exchange rate risk. A currency future is a forex derivatives contract to buy or sell one currency against another on a specified future date, at a price decided in the contract.
Register Now, if you wish to have the First-mover Advantage
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