Currency Pairs In India
In the vibrant world of finance, currency pairs in India play a pivotal role, shaping the economic landscape and offering opportunities for traders. This comprehensive guide delves into the intricacies of currency pairs traded in India, exploring their significance, influencing factors, trading strategies, and regulatory framework. Currency Pairs Traded in India In the Indian foreign exchange market, several currency pairs are actively traded. These pairs involve the Indian Rupee (INR) and other major global currencies, primarily for international trade, investment, and hedging purposes. The most commonly traded currency pairs in India include: USD/INR The USD/INR pair is the most traded currency pair in India, representing the exchange rate between the US Dollar (USD) and the Indian Rupee (INR). Due to India's significant trade with the United States and the US Dollar's global reserve currency status, the USD/INR pair is highly liquid and closely monito...