Currency Futures Trading on ICICIDirect.com

Launching Currency Futures Trading on ICICIDirect.com -

Forex trading means trading in currency futures was the investment option that was only available to the corporations up to now in India. But now, ICICIDirect.com brings currency futures trading for small investors also.

Investors trade in currency futures for Investments, Hedging & Trading purposes. Foreign exchange rates have a strong correlation to interest rates, equity flows and commodities. This translates into multiple opportunities for customers like yourself to hedge or trade in Currency Futures independently or in conjunction with equities.

Let me highlight a few benefits of this product:

Introduction to a New Asset Class : Investment avenues in Forex derived securities which to date has been an asset class available only to corporates. You now have an opportunity to access this through ICICIdirect.com

Hedging Your Equity Portfolio: Statistics show a strong negative correlation between the INR and USD exchange rate and the equity market indices. Thus you may use it as another way of hedging your existing portfolio

Trading for Active Traders: Low margin requirements will help you leverage even more while you trade in Currency Futures . You can trade in Currency Futures contracts with margins as low as Rs. 2000.

Hedging Your Overseas Portfolio: Reserve Bank of India allows Resident Indiansto invest up to USD 200,000 in overseas equity markets. Such investment carries not only capital market exposure but also currency exposure. With the availability of Currency Futures, exposure in currency markets can be completely hedged

Fixing Rupee Cost for foreign travel or educational expenses abroad: Foreigncurrency exposure on account of educational, business or travel expenses can also be hedged thereby bringing more certainty to the overall rupee cost

Hedging your Forex Business Risks: If you run or are engaged with a corporate or SME Enterprise where there is currency exposure, you may want to explore Currency Futures for hedging. At ICICIdirect.com you can hedge your currency exposure in an easy and transparent manner even for smaller transactions

Presently only USD/INR futures contracts have been introduced by NSE and are being made available to you on ICICIdirect.com.

Thus trading in currency futures was never this much easy…!!!