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A buy or sell order which remains open until it is filled or canceled.

FAQs:

Can currency futures help small traders?
Does the national economy of India need currency futures?
How and why does the demand and supply of a currency increase and decrease?
How are currency prices determined?
How do exchange-traded currency futures enable hedging against currency risk?
If I am an AD Category I Bank, why should I become a member of a currency futures exchange? I have the interbank market, anyway.
If I am an individual with no exposure to foreign exchange risks, does a currency futures exchange mean anything to me?
In which currency are the currency futures contracts settled?
What are benefits of spread contract?
What are Currency Futures Contracts?
What are the benefits of trading in Currency Derivatives
What are the currencies traded on MCX-SX?
What are the factors that affect the exchange rate of a currency?
What are the major fundamental factors that affect currency movements?
What are the risks involved in currency futures market?
What are the terms and conditions set by RBI for Banks to participate in exchange traded fx futures?
What are the trading hours on MCX-SX?
What are the various types of margins that are levied to manage the risk?
What is a currency futures contract?
What is a Spot Market?
What is Currency Derivatives?
What is currency trading?
What is Forex?
What is the last trading day of these currency futures contract?
What is the minimum trading unit (i.e. contract size) and tenure of the USDINR, EURINR, GBPINR and JPYINR futures contract?
What is the need of currency futures?
Which are the global exchanges that provide trading in currency futures?
Who can participate in a currency futures market?
Who can trade in Currency futures markets in India?
Who is eligible to trade in Currency Derivatives?
Who trades Foreign Exchanges?
Why exchange-traded futures? What's wrong with the currency forward market that has been existing in India for a long time?
Why should one trade in Indian exchanges as compared to international exchanges?