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Currency Derivatives can be defined as contracts between the sellers and buyers whose value is derived from the underlying asset which in this case is the exchange rate of a respective pair of currency. Currency derivatives are mostly designed for the purpose of hedging by the importers and exporters. They are also used as instruments for speculation.
 
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SEBI: NSE_Cash: INB231309130 NSE F&O: INF231309130 NSE CD: INE 231309130 MCX-SX CD: INE2613091
FMC: MCX/TM/CORP/1747 CDSL: IN-DP-CDSL-536-2010 MCX MEMBERSHIP NUMBER : 45330 MCX-SX MEMBERSHIP NUMBER : 42600
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NSE:022-26598190 Email-id: ignse@nse.co.in BSE:022-22728097 Email-id: is@bseindia.com CDSL:022-22723333 Email-id: complaints@cdslindia.com SEBI:1800227575/ 18002667575 http://scores.gov.in MCX:022-67318888 Email-id: grievance@mcxindia.com
       
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