Home Personal Banking Corporate Banking MSME Banking Agri Banking Nri Banking Customer Care
A-   A   A+  
††† Home     About Us     Investor     IDBI Group     CSR     Careers     Contact Us    Search
Hindi
  Net Banking Login
Domestic Interest Rates
NRI Interest Rate
Service Charges
Corporate Service Charges
Home > Corporate > Treasury > Forex > Currency Forward Contract

Treasury - Currency Forward Contract




A Currency forward contract is a non-standardized over-the-counter traded contract between two parties to exchange one currency for another at a specified date in the future at a price that is fixed on the purchase date i.e. itís a mechanism through which the rate is fixed in advance for purchase or sale of foreign currency at a forward date. Normally, Forward contracts in USD/INR, other FC/INR and Cross currencies are quoted up to a period of one year

We assist our customers mitigate their currency fluctuation risk by facilitating them to hedge their forex exposures by booking forward contacts.

Home | Top
Service Charges : Domestic Interest Rates : NRI Interest Rate
Disclaimer : webmaster : Site Map : RBI : RTGS : FAQ Up Arrow Policies - Privacy : Hyperlink : Copyright : Screen Reader Access