Moreover, currency trading is only allowed in 7 pairs, namely: USD/INR, EUR/INR, JPY/INR, GBP/INR, EUR/USD, GBP/USD, and USD/JPY. Forex trading is facilitated on 3 exchanges in India, namely the NSE, BSE, and the Metropolitan Stock Exchange of India Ltd and is regulated jointly by both SEBI and RBI.
Which currency is best for forex trading in India?
Average
Which currency trading is the best?
The US dollar is considered a strong trading currency, offering some of the highest returns while trading as it is the benchmark which is involved in trading against any other major international currencies, like the Japanese yen (JPY), the euro (EUR) and the British pound (GBP).
Is INR traded in forex?
Currency trading in India is allowed in the following pairs only: (USD/INR); (EUR/INR); (JPY/INR);(GBP/INR); (EUR/USD); (GBP/USD) and (USD/JPY). Forex trading is facilitated on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE) ɪmp; Metropolitan Stock Exchange of India Ltd.