Indistock is a trading member of Currency Derivatives Segment of National Stock Exchange. We offer trading strategies to mitigate Forex exposure of our clients. At present Indian Residents are allowed to take upto $ 2, 00,000 of foreign currency exposure. Business clients can take position to hedge their forex risk by taking trading position in derivatives or by negotiating OTC contracts with bank.
We provide brokerage advice on INR-USD exchange rate and other cross currency exchange rates which will reduce client’s forex risk. We also provide trading model to take advantage of exchange rate fluctuations between spot & future market. Daily average turnover of the Indian Forex markets stands at USD 34 billion. By opening up currency derivatives market in India we have new tool available to hedge and counter forex risk and/or to profit from exchange rate fluctuations. We expect NRI and FII will be allowed to participate soon.