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In India, Forex trading is largely regulated by the Securities and Exchange Board of India (SEBI), and Indian traders can only trade currency derivatives (such as currency futures and currency options) through domestic exchanges like the NSE (National Stock Exchange), BSE (Bombay Stock Exchange), and MCX-SX (Multi Commodity Exchange of India). Spot forex trading, which allows trading currencies directly, is not allowed within India.
However, there are many Forex trading platforms available to Indian traders for currency futures and opt
