currency Futures

The Launch Of Currency Derivatives In India, Recommended Jointly By SEBI And RBI, Opened One More Lucrative Avenue For Trading. A Currency Future, Also Known As FX Future Or Foreign Exchange Future, Is A Future Contract To Exchange One Currency For Another At A Specified Date In The Future At A Price (Exchange Rate) That Is Fixed On The Purchase Date. Currently, India Is A USD 34 Billion OTC (Over-The-Counter) Market.