The global increase in trade and foreign investments has led to inter-connection of many national economies leading to greater need for a stronger foreign exchange risk management mechanism. This and the resulting fluctuations in exchange rates, has created a huge international market for Forex rendering investors another exciting avenue for trading. The Forex market offers unmatched potential for profitable trading in any market condition or any stage of the business cycle. The growth of our FX futures market has manifold with the participation of speculators, investors and arbitragers and emerged as an alternative investment vehicle for Indian Investors.