Yes, forex trading is legal in India, but there are strict rules set by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). Indian traders can only trade through approved brokers who follow these rules. Also, forex trading is allowed only for certain currency pairs that include the Indian Rupee (INR), such as INR/USD, INR/EUR, INR/GBP, and INR/JPY.
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