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ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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| Paper Title: | TREND OF USAGE OF FOREX DEIVATIVES IN INDIAN STOCK EXCHANGE IN FIRST DECADE OF 21ST CENTRURY |
| Authors Name: | Dr.Gajraj singh Ahirwar |
| Download E-Certificate: | Download |
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IJRTI_202049
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| Published Paper Id: | IJRTI2504047 |
| Published In: | Volume 10 Issue 4, April-2025 |
| DOI: | |
| Abstract: | ABSTRACT- The futures market holds a great importance in the economy, and, therefore, it becomes imperative that we analyse this important market and seek answers to a few basic questions. The primary focus of this paper is to study the development of currency derivatives in India. It also seeks to analyse the volatility associated with these currency derivatives. To assess the growth of these instruments, the number of contracts traded and open interest at National Stock Exchange has been cumulatively analysed. An attempt has been made to ascertain if the daily returns from the National Stock Exchange for the currency futures are normally distributed. To this end, changes in the daily value of the Rupee with respect to Dollar, Yen, Euro and Pound was calculated for the period and the data has been put through an ANOVA Test to verify the returns’ normal distribution hypothesis. Both investors and hedgers have responded positively to currency futures. Initially, currency futures were started for USD‐INR contracts but trading in Euro‐INR, Yen‐INR and Pound‐INR contracts were introduced in January 2010. In October 29, 2010 Currency Options on US Dollars were introduced. A comparison has also been conducted using currency futures and options on USD-INR. A comparison between the currency futures and options on USD-INR has also been done. The risk involved is comparatively low in this case and currency futures and options have proved to be a good tool for hedging the risk involved in the currency of a country (currency risk). |
| Keywords: | Keywords: Currency Futures, Currency Options, Volatility, Currency Risk, Open Interest. |
| Cite Article: | "TREND OF USAGE OF FOREX DEIVATIVES IN INDIAN STOCK EXCHANGE IN FIRST DECADE OF 21ST CENTRURY", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.10, Issue 4, page no.a322-a330, April-2025, Available :http://www.ijrti.org/papers/IJRTI2504047.pdf |
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2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID: IJRTI2504047
Registration ID:202049
Published In: Volume 10 Issue 4, April-2025
DOI (Digital Object Identifier):
Page No: a322-a330 Country: sehore, madhyapradesh, India Research Area: Commerce Publisher : IJ Publication Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2504047 Published Paper PDF: https://www.ijrti.org/papers/IJRTI2504047 |
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED,
Journal Starting Year (ESTD) : 2016
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