Mar 11, · Forex trading is not completely illegal in India, but it is restricted to certain currencies, which are paired against the INR as well as some of the 'cross currencies'. In India, you can trade within the brackets of USD-INR, YEN- INR, GBP- .
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Trading in foreign currency is known as Forex Trading. You might have noticed that the value of the dollar is going up every day. Dollar exchange rate was Rs. 62 before few days and now it is Rs Investors willing to take advantage of this appreciation in short and medium term can participate in. Top Forex Brokers in India for Forex Trading. It does not really matter where you live in the world you are always going to find a large range of Forex Brokers who are going to be able to offer you a range of currency pairings and other Forex related trading . What is Forex Trading? The term ‘Forex’ stands for Foreign Exchange. For example, to pay for your college fees at Dubai, I need to make the payments in UAE Dhirams as Indian Rupees are not accepted there. Of course, I could pay in US Dollars too, as it is accepted almost everywhere, but that is a different story. So, in order to make.
Forex trading in India is illegal. What RBI allows and is generally understood as Forex trading in India is trading in currency derivatives. Read on to . When we speak of Forex Trading in India, the RBI regulations limit the trader’s options. Currently, the currency pairs available for Forex trading across the world, are marked against the INR in India. Hence, for a majority of traders, who deal in international transactions, it is a major. Trading with SEBI Forex Brokers in India. India is the second most populous country in the world that is home to one of the largest group of working class people, who have an increased affinity towards investing in the several attractive opportunities available throughout the globe.
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