Due to Globalization, Forex Trading has grown immensely all over the world. And it has a great impact in India also. As all of us know that trading is directly related to currency. So current trading is the act of buying/selling currencies. After the forex trading has become legal in India, currency trading in India become very popular as compare to commodities trading ( commodities exchange ). Currency Trading in India Who can Trade in India? Any Indian based company (Banks, financial institutions) can participate in currency trading in India. Indian rupees cannot be exchanged with all the other currencies. You need a demat account for starting currency trading. The only allowed pairs of currency in trading are USD/INR, JPY/INR, EUR/INR, GBP/INR. The currency trading in India is regulated by RBI and SEBI. NIRs are not permitted to participate in the currency trading in India. Currency Trading in India The commonly used exchanges are: – Multi Commodity Exchange(MCX-SX), – ...
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