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Indian residents can trade in the forex stock exchange but with certain restrictions. There are only four available currency pairs in India- US Dollars, Euro, Great Britain Pound, and the Japanese Yen. An investor can trade these four pairs by opening an account for trading with a broker. Because of these restrictions, India’s forex market is smaller compared to many other developed markets. John traumer what is forex trading It’s time for your annual holiday to India or maybe you are planning a visit to India for a special family occasion. Whatever the reason, you are likely to bring along some foreign currency. What are the rules regarding this? The Reserve Bank of India (RBI) has laid down some requirements with regards to foreign exchange transactions for NRIs in India. Here’s what you need to know:
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... Festival board members Alisa Weldon (l) and Sharon Gerhardt (r) flank/. Word star Leisha Hailey during... What can I do to resolve this? Yes, one can legally do forex trade in India. However, they must abide by the rules and regulations set by SEBI. Also, Indian traders residing in India can only trade forex in currency pairs involving INR or Indian Rupee.
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We’re fighting to restore access to 500,000+ books in court this week. Join us! Is forex trading and stock trading good for beginners? You can start trading forex with as little as $100 to $500 funded in a mini account, but will need significantly more capital for a standard account. Leverage from brokers can allow you to trade much larger amounts than your account balance. Brokers may provide capital at a predetermined ratio, such as putting up $50 for every $1 you put up for trading. This means you may only need to use $10 of your own funds to trade $500 in currency.
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