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Why is forex trading illegal in India?

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Professional Funded Trader with two decades of experiences

Well Forex Trading is NOT illegal in India. In India you can trade only Certain forex pair denominated in INR as base currency
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My teaching experience 12 years

As of my last knowledge update in January 2022, forex trading is not illegal in India. However, there are regulations imposed by the Reserve Bank of India (RBI) to govern foreign exchange transactions. It's crucial to stay updated with the latest regulations, as they may change over time. Always consult...
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As of my last knowledge update in January 2022, forex trading is not illegal in India. However, there are regulations imposed by the Reserve Bank of India (RBI) to govern foreign exchange transactions. It's crucial to stay updated with the latest regulations, as they may change over time. Always consult with financial authorities or experts for the most current information. read less
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Professional with 26 years experience in Well Known Corporates and Top Education Institutes.

Forex trading is not illegal, but SEBI and RBI highly regulate it.
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