Is currency derivatives trading allowed for NRIs?
As per current regulatory guidelines, Non-Resident Indians (NRIs) are not permitted to trade in currency derivatives on Indian exchanges. This restriction is enforced to ensure compliance with FEMA regulations and to limit speculative exposure involving cross-border currency movements.
Reasons for the restriction
- FEMA guidelines: NRIs are restricted from transactions involving leveraged currency exposure within India’s domestic markets.
- Exchange compliance: Both SEBI and exchange regulations prohibit NRI participation in currency derivative segments.
What if...
| Scenario | What you should know |
|---|
| You’re an NRI interested in currency exposure | Consider regulated mutual funds or ETFs that provide global currency diversification |
| You previously traded currency as a resident | You must close those positions and accounts before converting to an NRI account |
| You attempt to access currency trading through FYERS | This feature is disabled for all NRI accounts as per compliance norms |
If you’re looking for diversified exposure, FYERS supports NRI access to equity delivery and F&O through NRO Non-PIS accounts.
Last updated: 25 Jun 2025
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