Basics of Currency Trading in India
All currency contracts in India are speculative in nature i.e. you do not get the physical delivery of the currency.
Currency trading in India is not allowed in cash for retail investors.
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) & Metropolitan Stock Exchange of India Ltd.
The Currency market is regulated by SEBI (Securities and Exchange Board of India) and RBI (Reserve Bank of India) jointly.
The lot size for (USD/INR), (EUR/INR) & (GBP/INR) is 1,000 units whereas the lot size for (JPY/INR) is 1,00,000 units.
