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What are Currency derivatives, and how to trade them on Kite?

The Currency Derivatives Segment (CDS) should be enabled for the Zerodha account to trade in currency F&O. To learn more, see How to activate F&O?

Currency Derivatives are F&O contracts that are traded on the exchanges. They are similar to the stock F&O, but the underlying of these contracts are currency pairs (i.e. USDINR, EURINR, JPYINR or GBPINR) instead of stocks. To learn more about F&O, see What is F&O (Futures and Options)?

The currency derivatives segment of NSE provides trading for these instruments:

  • Currency F&O on 4 currency pairs.
  • Cross currency F&O on 3 currency pairs.
  • Interest rate F&O on Government Securities (G-Secs).
  • 91-Day Treasury-Bills(T-bills).
  • Overnight MIBOR (ONMIBOR).

Currency F&O can be traded by adding them to the marketwatch on Kite. To add these contracts, type out the name of the currency pair in the universal search on Kite, and all the contracts will be displayed in the drop-down.

Hover over the contract to be traded and click or tap on Buy or Sell to place an order.

Did you know?

  • Intraday (MIS) is not allowed for currency contracts.
  • Currency derivative contracts are settled at the RBI reference rate.