FOREX TRADING IN INDIA

                   Yes, it is legally allowed to trade Forex within Indian Exchanges like BSE, NSE, MCX-SX. As per RBI guideline, all Indian resident including banks and financial institutions can do forex trading in currency pairs. The main currency pairs are USDINR, EURINR, GBPINR and JPYINR. Forex Trading is as same as that of equity trading.  You can buy or sell currency pair as per your expectation of movement in currencies. The dollar is trading at Rs71, you feel that price is going to appreciate and expected to reach at Rs 72 in few days you can enter into a long position by buying USDINR contract on the exchange. If the price goes to Rs 72, you get the profit of Rs.3 per dollar. So in the single contract of 1000$ you can earn Rs.3000.and with approx 2000rs margin amount

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