How to trade EURUSD or GBPUSD in India

[trade007]

Hello,

I am trying to find out if we can trade EURUSD or GBPUSD in India. If we can, can anyone guide me how. I don’t see any such pairs when I search in Kite.

Thanks

[Prayag]

As per RBI press release , cross-currency forex trading is allowed in the pairs that you mentioned.

They trade on NSE and BSE, but they are currently not available on Zerodha -

@nithin

We haven’t yet enabled trading in cross currency. There are some settlement issues around this. MTM is done based on RBI daily reference rate for USDINR which is announced at 12 noon. But market trades till 7pm, when USDINR could have changed. Risk for us as a brokerage firm.
Also there are trade process issues. Currently only prop trading firms are taking part. Hopefully exchange clarifies on the working and we will be able to offer this.

[TradeXMaster]

Any update on this

[Laxman_lucky]

There is no liquidity on those pairs that is why they are not allowing to trade