The introduction of Currency Derivatives in India is a landmark decision which is likely to be a boon for importers, exporters and companies with Forex exposure. These Derivative products have a wide scope with their special features tailored to match customer requirements. As Currency Derivatives are new in India, we have taken on the task to explain them in more detail. Currency Derivatives are similar to many other Derivatives, Stocks, and Indices, etc. It is just that the underlying assets of Currency Derivatives are Currencies.