sale of foreign exchange from/to customers in the interbank market. Currency, buy Rate, hKD / major economic news forex trade INR.17, uSD / INR.15, for Amounts more than 10,000 USD or equivalent, better rates are offered. SBI is the largest market maker in USD/INR forwards market. Remittances, draft/ Money Transfer Application Form.
Markets section has various desks to handle these transactions. The majority of the transactions taking place in forex necessarily involve USD/INR pair which necessitates purchase/sale of USD in cash/tom or spot market. This desk handles all those forex flows where INR- Indian Rupee is one of the currencies.
The party buying the contract assumes a long position while the party selling the contract assumes a short position. These are used to hedge the currency or exchange rate risk. Forex Interest, rate, products to provide complete hedging solution to customers. The exchange traded variant of the forwards is Futures.
The option premium dependents on the volatility, strike price, time remaining to expiration, rate of curso forex brasilia interest. Currency purchase/sale : The positions arising out of purchase and sale of foreign exchange from/to customers are to be covered in the interbank market. The desk also executes swaps for funding and arbitrage purposes. It covers the merchant flows.e. Structured Products (fenp) : Structured Products Desk handles structuring. There are two styles of options which depend upon whether option can be exercised on the expiry or prior to expiry date.