What is the difference between currency futures & spot price?

Answers:0   |   LastUpdateAt:2012-10-16 02:00:24  

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AYANNA
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For example , if the futures price is 46 then what is the cash price ? What counts is negotiated and where ? I know that is traded on NSE and MCX . But what about spot prices ? When changing money ( Western Union ) or any Bank rate is different from those listed on the exchange ? Or spot price and the future price are the same. thanks
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