Can currency futures help small traders?

Yes. The minimum size of the USDINR futures contract is USD 1,000. Similarly EURINR future contract is EURO 1000, GBPINR future contract is GBP 1000 and JPYINR future contract is YEN 1,00,000. These are well within the reach of most small traders. All transactions on the Exchange are anonymous and are executed on a price time priority ensuring that the best price is available to all categories of market participants irrespective of their size. As the profits or losses in the futures market are also paid / collected on a daily basis, the scope of accumulation of losses for participants gets limited.

How are currency prices determined?

Currency prices are affected by a variety of economic and political conditions, but probably the most important are interest rates, international trade, inflation, and political stability. Sometimes governments actually participate in the foreign exchange market to influence the value of their currencies. They do this either by flooding the market with their domestic currency in an attempt to lower the price or, conversely, buying in order to raise the price. This is known as central bank intervention. Any of these factors, as well as large market orders, can cause high volatility in currency prices. However, the size and volume of the FOREX market make it impossible for any one entity to drive the market for any length of time.

 

What are base and quote/term currencies?

The base currency is the first currency in a currency pair. The quote or term currency is the second currency in a currency pair. For example, in the EURUSD currency pair, EUR is the base currency and USD is the quote currency.

RBI REFERENCE RATE FOR INDIAN CURRENCY TODAY: 27.Aug.2014

RBI REFERENCE RATE

As on 27.Aug.2014 at 12.00Pm Hrs(IST)


USDINR : 60.4678

EURINR : 79.6545
GBPINR : 100.1468
JPYINR :  58.1700

 

SUCCESS IN CURRENCY CORPORATE PACK TODAY: 21.Aug.2014

* GBPINR ACHIEVED OUR FIRST TARGET (12 Paise)
* JPYINR ACHEVED OUR FIRST TARGET (12 Paise)
* EURINR ACHIEVED OUR FIRST TARGET (12 Paise)

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Indian rupee hits 3-week high on debt-related dollar inflows

* Rupee ends at 60.61/62 per dlr vs 60.6750/6850 prev close

* Heavy buying seen in debt mkt; traders suspect FIIs

* Rupeedesk expect INR to remain in 60.50-61.80 range in near-term

The Indian rupee rose to a near three-week high against the dollar on Wednesday on the back of strong foreign investor buying in the debt market, although greenback demand from importers and a fall in shares limited further gains.

Analyst said a large foreign bank was spotted selling dollars, amounting to around $250 million, for investment intended into government bond markets.

The focus will shift to global factors, including the release of the minutes of the U.S. Federal Reserve policy meeting in July later in the day and the annual gathering of policymakers and central bankers in Jackson Hole, Wyoming, later this week.

"Inflows into the debt market are continuing and that should keep the rupee bias positive. Overall, the sentiment on India remains optimistic," said Subramanian Sharma, director at Greenback Forex.

"We will not see the rupee gain much above 60 levels as there will be buying seen at every opportunity whereas exporters will come in to sell around 62. I expect the unit to hold between 60.50 and 61.80 in the medium term," he said.

The partially convertible rupee closed at 60.61/62 per dollar compared with 60.6750/6850 in the previous session.

The unit hit 60.52 during trade, its highest since July 31, although it ceded ground later in part on dollar demand from importers.

The gains in the rupee came on a day when government bonds rallied amid speculation that foreign portfolio investors were active buyers, especially in 5-8 year debt.

Meanwhile, shares edged lower after hitting a third consecutive record high earlier.

Foreign funds added 41.22 billion rupees ($677.4 million) in exposure to Indian equity derivatives on Tuesday, exchange data showed.

In the offshore non-deliverable forwards, the one-month contract was at 61, while the three-month contract was at 61.62.

FACTORS TO WATCH * Dollar breaks out to 11-mnt highs, eyes on Fed * Won, peso lead Asia FX fall on good U.S. house data * Asia stx steady on robust U.S. data, dlr gains more * Foreign institutional investor flows * For data on currency futures
Indian rupee hits 3-week high on debt-related dollar inflows

 

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Nse Usdinr Tips : 14.Aug.2014

SUCCESS IN CURRENCY CORPORATE PACK TODAY: 14.Aug.2014

 

* GBPINR ACHIEVED OUR TRIPLE TARGETS (30 Paise)
* USDINR ACHIEVED OUR DOUBLE TARGETS (20 Paise)
* JPYINR ACHIEVED OUR FIRST TARGET (10 Paise)

Now Receive Our Tips Instantly on 'WHATS APP & YAHOO CHAT'

(COMMODITY*COMMODITY MINI*EQUITY*FUTURES*OPTION*CURRENCY*INTERNATIONAL FOREX)

 

FREE CURRENCY FOREX TIPS - RUPEEDESK
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )

Buy USDINR (AUG) SA 61.23 SL 61.12 Target 61.33 / 61.41 / 61.49
Sell USDINR (AUG) SB 61.07 SL 61.18 Target 60.97 / 60.89 / 60.81
USDINR (AUG) : INTRADAY TREND : DOWN SL : 61.29

Buy EURINR (AUG) SA 81.74 SL 81.63 Target 81.84 / 81.92 / 82.00
Sell EURINR (AUG) SB 81.58 SL 81.69 Target 81.48 / 81.40 / 81.32
EURINR (AUG) : INTRADAY TREND : DOWN SL : 81.90

Buy GBPINR (AUG) SA 102.04 SL 101.93 Target 102.14 / 102.22 / 102.30
Sell GBPINR (AUG) SB 101.88 SL 101.99 Target 101.78 / 101.70 / 101.62
GBPINR (AUG) : INTRADAY TREND : DOWN SL : 102.32

Buy JPYINR (AUG) SA 59.77 SL 59.66 Target 59.87 / 59.95 / 60.03
Sell JPYINR (AUG) SB 59.61 SL 59.72 Target 59.51 / 59.43 / 59.35
JPYINR (AUG) : INTRADAY TREND : DOWN SL : 59.78

 

Best Currency Calls, 1st Session: 13.Aug.2014

Best Currency Calls, 1st Session: 13.Aug.2014

FREE CURRENCY FOREX TIPS - RUPEEDESK
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )

Buy USDINR (AUG) SA 61.50 SL 61.39 Target 61.60 / 61.68 / 61.76
Sell USDINR (AUG) SB 61.34 SL 61.45 Target 61.24 / 61.16 / 61.08
USDINR (AUG) : INTRADAY TREND : UP SL : 61.07

Buy EURINR (AUG) SA 82.18 SL 82.07 Target 82.28 / 82.36 / 82.44
Sell EURINR (AUG) SB 82.02 SL 82.13 Target 81.92 / 81.84 / 81.76
EURINR (AUG) : INTRADAY TREND : UP SL : 81.68

Buy GBPINR (AUG) SA 103.27 SL 103.16 Target 103.37 / 103.45 / 103.53
Sell GBPINR (AUG) SB 103.11 SL 103.22 Target 103.01 / 102.93 / 102.85
GBPINR (AUG) : INTRADAY TREND : UP SL : 102.74

Buy JPYINR (AUG) SA 60.12 SL 60.01 Target 60.22 / 60.30 / 60.38
Sell JPYINR (AUG) SB 59.96 SL 60.07 Target 59.86 / 59.78 / 59.70
JPYINR (AUG) : INTRADAY TREND : UP SL : 59.86

 

SUCCESS IN CURRENCY CORPORATE PACK TODAY: 12.Aug.2014

* EURINR ACHIEVED OUR DOUBLE TARGETS (20 Paise)
* GBPINR ACHIEVED OUR FIRST TARGET (10 Paise)

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SUCCESS IN CURRENCY SEGMENT AND FREE CURRENCY LEVELS : 12.08.2014

 

SUCCESS IN CURRENCY CORPORATE PACK TODAY: 11.Aug.2014

* GBPINR ACHIEVED OUR DOUBLE TARGETS (25 Paise)
* EURINR ACHIEVED OUR FIRST TARGET (12 Paise)
* USDINR ACHIEVED OUR FIRST TARGET (10 Paise)


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MCX-SX INDIAN CURRENCY - EXPERTS ADVICE

 

RUPEEDESK - Indian Currency Intraday Trading Calls
    US Dollar-Indian Rupee (USDINR): RUPEEDESK - IntradayUSDINR Currency Tips & USDINR Positional Currency Tips
    Euro-Indian Rupee (EURINR): RUPEEDESK - Intraday EURINR Currency Tips & EURINR Positional Currency Tips
    Pound Sterling-Indian Rupee (GBPINR): RUPEEDESK-IntradayGBPINR Currency Tips & GBPINR Positional Currency Tips
    Japanese Yen-Indian Rupee (JPYINR): RUPEEDESK - IntradayJPYINR Currency Tips & JPYINR Positional Currency Tips

 

Intraday currency trading Levels for 11.08.2014

USDINR ( 27-Aug-14 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 61.19 / 60.98 / 62.40 . And the upperside, it has Strong Resistance @ 61.59 upperside, it may test Resistance Levels such as 61.80 / 62.19 / 62.40 . Currently USDINR is Trading @ 61.40

 

EURINR ( 27-Aug-14 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 81.96 / 81.76 / 83.21 . And the upperside, it has Strong Resistance @ 82.38 upperside, it may test Resistance Levels such as 82.59 / 83.00 / 83.21 . Currently EURINR is Trading @ 82.17

 

GBPINR ( 27-Aug-14 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 102.83 / 102.51 / 104.76 . And the upperside, it has Strong Resistance @ 103.47 upperside, it may test Resistance Levels such as 103.80 / 104.44 / 104.76 . Currently GBPINR is Trading @ 103.15

 

JPYINR ( 27-Aug-14 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 59.97 / 59.72 / 61.41 . And the upperside, it has Strong Resistance @ 60.44 upperside, it may test Resistance Levels such as 60.69 / 61.16 / 61.41 . Currently JPYINR is Trading @ 60.22

 

SUCCESS IN CURRENCY CORPORATE PACK TODAY: 8.Aug.2014

 

* GBPINR ACHIEVED OUR ALL TRIPLE TARGETS (36 Paise)
* JPYINR ACHIEVED OUR TRIPLE TARGETS (32 Paise)
* EURINR ACHIEVED OUR TRIPLE TARGETS (30 Paise)
* USDINR ACHIEVED OUR DOUBLE TARGETS (20 Paise)

Now Receive Our Tips Instantly on 'WHATS APP & YAHOO CHAT'

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GLOBAL MARKETS ROUNDUP

GLOBAL MARKETS ROUNDUP
* Asian stocks fell broadly on Wednesday while the U.S.
dollar held firm after a slump on Wall Street and tensions over
Ukraine instilled a mood of risk aversion across markets.

* The dollar held near an 11-month high against a basket of
major currencies early on Wednesday, having got a second wind
after upbeat U.S. data bolstered expectations of solid economic
growth in the third quarter.
* Oil prices tumbled on Tuesday, with Brent crude falling to
a nine-month low as ample supplies in Europe and North America
outweighed fears that violence in the Middle East and North
Africa could disrupt production.
* U.S. Treasuries' prices jumped on Tuesday as Wall Street
equities sold off and growing worries over Ukraine and other
issues spurred safe-haven buying of American debt.

LOCAL MARKETS PREVIOUS CLOSE
* BSE index 25,908.01 (up 0.72 pct)
* NSE index 7,746.55 (up 0.82 pct)
* Rupee 60.8450/8550 per dlr (60.93/94)
* 10-year bond yield 8.83 pct (8.73 pct)
* New 10-year bond yield 8.61 pct (8.50 pct)
* 5-year OIS rate 8.02 pct (7.89 pct)
* 1-year OIS rate 8.43 pct (8.33 pct)
* Call money 7.25/7.30 pct (7.00/7.05 pct)

KEY FACTORS TO WATCH
* Reserve Bank of India Governor Rajan is due to speak to
analysts a day after the central bank kept interest rates steady
but voiced a commitment to bring down consumer inflation. The
call starts at 10:30 a.m.

USD/INR NDFs (NY closing prices)
For up-to-date prices, double click
Open High Low Close Volume
61.07 61.50 61.17 61.39-41 N/A

FII INVESTMENTS-EQUITIES (Net dollars)
Aug 5* $8.68 mln
Month-to-date** -$363.48 mln
Year-to-date** $11.79 bln
* Provisional NSE data
** Source: Data as per the latest custodial filing as on
Aug 5 on SEBI website.

FII INVESTMENTS-DEBT (Net Dollars) INFIX INFII01* Debt
Aug 4 -$182.89 mln
Month-to-date -$440.15 bln
Year-to-date $13.81 bln
* Source: Data as per latest custodial filing as on Aug 5
on SEBI website.

GOVERNMENT SECURITIES TRADING (Net buy/sell, in rupees)
Aug 5
Foreign Banks -29.19 bln
Public Sector Banks 34.81 bln
Private Sector Banks 11.89 bln
Mutual Funds -7.10 bln
Others 3.74 bln
Primary Dealers -14.15 bln
Source: Clearing Corp of India Ltd

INFLOWS
===========================================================
Instrument Payment Date Amount
(mln rupees)
===========================================================
SDL 07.24%, 2019 Interest Aug 06 236.74
(3 States)
SDL 07.26%, 2019 Interest Aug 06 435.60
(TAMIL NADU)
SDL 07.27%, 2019 Interest Aug 06 834.23
(2 States)
SDL 07.29%, 2019 Interest Aug 06 364.50
(RAJASTHAN)
SDL 08.66%, 2023 Interest Aug 06 246.81
(HARYANA)
SDL 08.67%, 2023 Interest Aug 06 1127.10
(2 States)
SDL 08.68%, 2023 Interest Aug 06 434.00
(GUJARAT)
SDL 08.69%, 2023 Interest Aug 06 217.25
(BIHAR)
SDL 08.71%, 2023 Interest Aug 06 217.75
(PUNJAB)
SDL 08.72%, 2023 Interest Aug 06 1090.00
(ANDHRA PRADESH)
11.43% 2015 Interest Aug 07 4117.26
91 days T-Bill Redemption Aug 07 145000.00
364 days T-Bill Redemption Aug 07 51453.00
===========================================================
For the full table of inflows, see:
===========================================================

ISSUANCES
DEBT/PAPER AMOUNT DATE
Tbills 150 bln rupees Aug. 6
Dated bonds 140 bln rupees Aug. 8

LIQUIDITY
* India's central bank said on Tuesday it accepted all 5
bids for 14.97 billion rupees ($245.89 million) at its one-day
repo auction, through which it injects liquidity into the
banking system.
* Indian banks' refinancing with RBI falls to 119.46 billion
rupees.
* Indian banks' cash balances with RBI fall to 3.29 trln
rupees.

NSCCL uses the SPAN' (Standard Portfolio Analysis of Risk) system

NSCCL has developed a comprehensive risk containment mechanism for the Currency derivatives segment. The most critical component of a risk containment mechanism for NSCCL is the online position monitoring and margining system. The actual margining and position monitoring is done on-line, on an intra-day basis. NSCCL uses the SPAN' (Standard Portfolio Analysis of Risk) system for the purpose of margining, which is a portfolio based system.
Initial Margin
NSCCL collects initial margin up-front for all the open positions of a CM based on the margins computed by NSCCL-SPAN'. A CM is in turn required to collect the initial margin from the TMs and his respective clients. Similarly, a TM is required to collect upfront margins from his clients.
Initial margin requirements are based on 99% value at risk over a one day time horizon. However, in the case of futures contracts, where it may not be possible to collect mark to market settlement value, before the commencement of trading on the next day, the initial margin is computed over a two-day time horizon, applying the appropriate statistical formula. The methodology for computation of Value at Risk percentage is as per the recommendations of SEBI from time to time.

CURRENCY FOREX TIPS - RUPEEDESK

CURRENCY FOREX TIPS - RUPEEDESK
( Paper Trading Practice for Currency Segment USDINR/EURINR/GBPINR/JPYINR )

Buy USDINR (AUG) SA 61.17 SL 61.06 Target 61.27 / 61.35 / 61.43
Sell USDINR (AUG) SB 61.01 SL 61.12 Target 60.91 / 60.83 / 60.75
USDINR (AUG) : INTRADAY TREND : DOWN SL : 61.19

Buy EURINR (AUG) SA 81.87 SL 81.76 Target 81.97 / 82.05 / 82.13
Sell EURINR (AUG) SB 81.71 SL 81.82 Target 81.61 / 81.53 / 81.45
EURINR (AUG) : INTRADAY TREND : DOWN SL : 81.97

Buy GBPINR (AUG) SA 103.12 SL 103.01 Target 103.22 / 103.30 / 103.38
Sell GBPINR (AUG) SB 102.96 SL 103.07 Target 102.86 / 102.78 / 102.70
GBPINR (AUG) : INTRADAY TREND : DOWN SL : 103.12

Buy JPYINR (AUG) SA 59.55 SL 59.44 Target 59.65 / 59.73 / 59.81
Sell JPYINR (AUG) SB 59.39 SL 59.50 Target 59.29 / 59.21 / 59.13
JPYINR (AUG) : INTRADAY TREND : DOWN SL : 59.58