Is Forex Trading Legal in India
Forex Trading is legal in India, however, India is one of the few countries in the world where forex trading is strictly regulated. The Securities and Exchange Board of India (SEBI) only permits Indian Nationals to trade forex with a regulated local broker on Indian Exchanges (NSE – National Stock Exchange of India, BSE – Bombay Stock Exchange, MSE – Metropolitan Stock Exchange) and the only options for currency trading allowed are against the Indian Rupee (INR).
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