how usd inr works


  • How do you read USD INR?

    Each pair has two currencies. One is the base currency, which is one unit and the other is quotation currency. Base/quotation is the value of the quotation currency, i.e., in the case of USD INR trading, USD is the base while INR is quotation and the value of one USD Is 75.76 INR.
  • What does USD INR mean?

    USD/INR - US Dollar Indian Rupee.
  • How does a currency option work?

    A currency option is a contract that will give the buyer the right, but not the responsibility, to buy or sell a specific currency at a predetermined exchange rate on or before a set date. A premium is paid to the seller for this right.
  • The mark to market losses or profits are directly debited or credited to the CMs clearing bank account. On the expiry of the futures contracts, NSE Clearing marks all positions of a CM to the final settlement price and the resulting profit / loss is settled in cash.
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