Currency Derivatives Course in India (USD-INR, Legal Forex Education)
This 5-week course teaches how currency markets work and how exchange-traded currency derivatives (such as USD-INR futures and options on NSE and BSE) function in India. It covers what moves exchange rates, contract specifications, hedging, and the RBI and FEMA rules every Indian resident must follow. It does not teach or promote trading on unauthorised offshore forex platforms.
- Fee: ₹3,999
- Duration: 5 weeks
- Level: Beginner
- Mode: Live online
- Language: Hindi and English
What you will be able to do
- Explain what moves exchange rates: interest rates, inflation, trade flows
- Read a USD-INR futures contract specification
- Understand how importers and exporters hedge currency risk
- Know what is and is not permitted for Indian residents under FEMA
- Recognise unauthorised forex platforms and avoid them
Detailed syllabus
Module 1: Currency market fundamentals
- Currency pairs and quotes
- Pips, lots and contract value
- Who trades currencies and why
Module 2: What moves exchange rates
- Interest rates and central banks
- Inflation and trade balance
- RBI's role in USD-INR
Module 3: Currency derivatives in India
- Currency futures on NSE and BSE
- Currency options basics
- Contract specifications and margins
- INR pairs and cross-currency pairs
Module 4: The Indian rulebook
- FEMA and RBI framework
- Hedging and underlying exposure rules
- RBI Alert List of unauthorised platforms
- Liberalised Remittance Scheme limits
Module 5: Analysis and risk
- Technical analysis on currency charts
- Event risk: policy days and data releases
- Position sizing and stop-loss
Who this course is for
- Beginners curious about forex
- Import-export business owners and finance staff
- Students preparing for NISM Series I: Currency Derivatives
Fees and what is included
| Course fee | ₹3,999 (one-time) |
|---|---|
| Duration | 5 weeks |
| Format | Live online classes with recordings |
| Included | Notes, quizzes, student doubt group, completion certificate from the academy |
| Not included | Tips, signals, trade calls or account handling |
See all prices on the course fees page, meet our trainers, or read the full curriculum.
Forex & Currency Derivatives for Beginners: FAQs
Is forex trading legal in India?
Indian residents can trade currency derivatives only on recognised exchanges such as NSE and BSE, through SEBI-registered brokers, and within RBI's rules. Trading forex on unauthorised overseas apps and websites is not permitted under FEMA, and RBI publishes an Alert List of such platforms.
Which currency pairs are available on Indian exchanges?
Exchanges list INR pairs (USD-INR, EUR-INR, GBP-INR, JPY-INR) and a few cross-currency pairs (EUR-USD, GBP-USD, USD-JPY). USD-INR has the most activity.
Do you teach trading on international forex brokers?
No. The course is limited to currency market education and exchange-traded currency derivatives that are permitted in India.
Is this useful for the NISM currency derivatives exam?
Yes. The concepts overlap heavily with NISM Series I: Currency Derivatives. For exam-focused prep, see our NISM certification courses.