Trading USDINR on NSE

[arnav]

Like Arnav - I am also searching proper exposure in forex market. Can anyone help me to know -
1 whether forex trading is allowed in India
2 who are the good forex brokers
3 which are the good forex platform
4 who can give proper training in forex if we need to deal in Usd\Inr

Let me try to answer:
1. We can trade 4 pairs legally through NSE between 9 to 5
2. I am trying to trade thru Zerodha. I already have a cash account and soon open for forex.
3. I will go for icharts. Its not free but I am not used to it.
4. Not sure about this, may be you can try sharekhan as they organize webinars and training sessions.

 

[SHASHIRAVI]

I very newbie

can i take delivery ? If yes how many money is required at expiry of contract,

or can i trade like spot cash equity?

 

[dashr]

I very newbie
can i take delivery ? or can i trade like spot cash equity?

No you can not take delivery. It is cash settled. Click here for complete information on USDINR trading on NSE.

 

[HEM]

No you can not take delivery. It is cash settled. Click here for complete information on USDINR trading on NSE.

dashr,
Are you mad...:annoyed:
Please change immediately your Avatar of Dawood Ibrahim. he is most wanted terrorist and criminal and enemy of our great nation.

 

[HEM]

dashr is banned now.
Thanks Moderators for prompt action...:clapping:
:thanx:

 

[iceplay]

Like Arnav - I am also searching proper exposure in forex market. Can anyone help me to know -
1 whether forex trading is allowed in India
2 who are the good forex brokers
3 which are the good forex platform
4 who can give proper training in forex if we need to deal in Usd\Inr

1) Yes it's allowed
2) My broker is Novus Financials. they're pretty good
3) Desktop Online Softwares from your offline broker
4) Ask your Broker (Novus Financials Helped me)

 

[JEYARAM]

1. Lot size is 1000
2. About 2.5% (1400k)
3. 1 Point movement = 1000 bucks. So (54.8 - 54.55) * 1000 = 250 INR earned

Also from an intraday perspective, USDINR has good liquidity. EURINR has satisfactory liquidity. JPY & GBP do have below par liquidity.

Lot size one=1000 unit
one lot margin is Rs.650/- only.(Asthatrade.com)
The optimum lot size is 15 for usdinr trade.