25 Dec 2025 | 3 Mins Read

RBI and FEMA Guidelines on Forex Trading in India Explored

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Forex trading isn’t banned in India, but RBI and FEMA rules restrict it to INR-based currency pairs through SEBI-registered brokers. Trading non-INR pairs or with foreign brokers is prohibited for residents. Indian traders can legally trade currency futures and options on domestic exchanges and approved forex products within regulatory limits.