currencies, speculation based on the interest rate differential between two currencies. Writing laws is easy, but governing is difficult. For example, a business in the USA wants to import goods from India, the USA business has to pay for the imported goods in Indian Rupees, yet its primary income is in US dollars. Moreover, RBI claims the restrictions are there to prevent retail investors/traders from losing big time. The exchange-traded currency options in the pairs of EUR-USD, GBP-USD, and USD-JPY with immediate effect. Assuming that you want to trade eurusd, usdjpy or eurjpy or other possible combinations, but your local exchange does not offer such instrument.
So, I took the opportunity to investigate and find answers. Forex trading in, india. Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ m, nor should they be attributed to AtoZMarkets. Helena Sudan Syria Ukraine Zimbabwe India is not the only country to restrict Forex trading. Common and the most straight forward answer for this question is, of course: - "there is a will there's a way". You as a trader should know your limits and act accordingly. For India, trading on other pairs rather than defined by RBI is illegal under fema Act. Think we missed something? However, Indian Exchanges currently offer usdinr, gbpinr, jpyinr and eurinr pairs for trading purposes. The RBI allowed exchanges to offer cross currency futures contracts.