What are different Derivatives in India?

In India, there are several types of derivatives that are traded on various exchanges, including:

Futures: A futures contract is an agreement to buy or sell an asset at a specified price on a predetermined future date.


Options: An option is a contract that gives the holder the right, but not the obligation, to buy or sell an asset at a specified price on or before a certain date.


Forward contracts: A forward contract is an agreement to buy or sell an asset at a specified price on a predetermined future date.


Currency futures: A currency futures contract is a futures contract in which the underlying asset is a currency pair.


Currency options: A currency option is an option contract in which the underlying asset is a currency pair.


Interest rate futures: An interest rate futures contract is a futures contract in which the underlying asset is an interest rate.


Interest rate options: An interest rate option is an option contract in which the underlying asset is an interest rate.


Swaps: A swap is an agreement between two parties to exchange cash flows based on the performance of an underlying asset.