Currency Trading Pairs In India

So far all currency pairs are bench marked against the indian rupee inr. Currency trading is the act of buying and selling international currencies.

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Hdfc bank does inr pair only.

Currency trading pairs in india. On this article well be learning about the trading operations in indian currency marketfor the beginners ill try to keep things simple here will not complicate this article with detailed core informations reg! arding currency market here. Indian forex traders are not supposed to indulge in any currency pairs that does not involve the inr as the base or quote currency. More than 50 of global forex volumes consist of the 3 big global currency pairs which will soon be launched in india.

Fundamentals of forexcurrency trading. This research i did long time back before i lost my money in forex. All currency trading is done in pairs.

Forex trading with inr pair is legal in india and other pairs are illegal. The indian rupee is the official currency and the legal tender of the country and it is illegal for indian citizens to transact in any other currencies while they are in india. Beginnerssimple guide to forexcurrency trading in india currency trading basics forex basics forex trading basics latest currency prices indian.

Very often banks and financial trading institutions engage in the act of currency trading. The reser! ve bank of india on thursday allowed exchanges to offer cross ! currency futures contracts and exchange traded currency options in three more currency pairs. The us dollar is on one side of 87 of global forex trading around the world.

Well it turns out that it is half way legal and that trading currencies is allowed if the traded currency pair includes the inr indian rupee. This has an inherent disadvantage if you want to trade international pairs. In fact only four currency pairs can be legally traded in india.

Unlike the stock market where you can buy or sell a single stock you have to buy one currency and sell another currency in the forex market.

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