The exchange traded currency futures market is an extension of the already existing OTC market. The exchanges provide additional benefits trading in currency i.e. access to large number of participants, complete transparency, high liquidity, standardized contracts, counterparty risk management through their clearing corporations. Now the investors / traders or participants are opting to trade through the currency exchanges. foreign investors can transact in onshore Indian forward markets in a big way due to various measures taken by the RBI in recent years. The Indian currency has...