Forex trading is not entirely illegal in India, but it is heavily regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). Indian residents are only permitted to trade currency pairs that involve the Indian Rupee, such as USD/INR, EUR/INR, GBP/INR, and JPY/INR, and this must be done through authorized Indian brokers on recognized exchanges like NSE and BSE. Trading in foreign currency pairs through international forex brokers is considered illegal under Indian law. For those interested in learning more about trading legally and safely, platforms like Forex Harbor can offer guidance, educational content, and insights into compliant forex practices tailored to your region.
Forex trading is not entirely illegal in India, but it is heavily regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). Indian residents are only permitted to trade currency pairs that involve the Indian Rupee, such as USD/INR, EUR/INR, GBP/INR, and JPY/INR, and this must be done through authorized Indian brokers on recognized exchanges like NSE and BSE. Trading in foreign currency pairs through international forex brokers is considered illegal under Indian law. For those interested in learning more about trading legally and safely, platforms like Forex Harbor can offer guidance, educational content, and insights into compliant forex practices tailored to your region.